TY - JOUR
T1 - Firm size diversity, functional richness, and resilience
AU - Garmestani, Ahjond S.
AU - Allen, Craig R.
AU - Mittelstaedt, John D.
AU - Stow, Craig A.
AU - Ward, William A.
PY - 2006/8
Y1 - 2006/8
N2 - This paper applies recent advances in ecology to our understanding of firm development, sustainability, and economic development. The ecological literature indicates that the greater the functional richness of species in a system, the greater its resilience - that is, its ability to persist in the face of substantial changes in the environment. This paper focuses on the effects of functional richness across firm size on the ability of industries to survive in the face of economic change. Our results indicate that industries with a richness of industrial functions are more resilient to employment volatility.
AB - This paper applies recent advances in ecology to our understanding of firm development, sustainability, and economic development. The ecological literature indicates that the greater the functional richness of species in a system, the greater its resilience - that is, its ability to persist in the face of substantial changes in the environment. This paper focuses on the effects of functional richness across firm size on the ability of industries to survive in the face of economic change. Our results indicate that industries with a richness of industrial functions are more resilient to employment volatility.
UR - http://www.scopus.com/inward/record.url?scp=33746076717&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=33746076717&partnerID=8YFLogxK
U2 - 10.1017/S1355770X06003081
DO - 10.1017/S1355770X06003081
M3 - Article
AN - SCOPUS:33746076717
SN - 1355-770X
VL - 11
SP - 533
EP - 551
JO - Environment and Development Economics
JF - Environment and Development Economics
IS - 4
ER -