Summary
This study has provided an update for Stonebraker's [1979] study of concentration, mobility, and turnover among the largest firms in the U.S. It seems that his conclusion that "every statistical measure of turnover or mobility examined has been stable since late 1920's," still holds. The lack of any trend or systematic patterns suggest that even though the largest companies seem to have become relatively larger, they have not been able to solidify or improve their relative position compared to their competitors over time.
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Kaminarides, J., Farahbod, K. Recent trends in concentration, mobility, and turnover among the top U.S. companies. International Advances in Economic Research 1, 142–148 (1995). https://doi.org/10.1007/BF02295969
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DOI: https://doi.org/10.1007/BF02295969