Scale-free distribution of firm-size distribution in emerging economies

We test firm-size distributions in 10 emerging economies in Europe, using data on total assets of 1 884 006 firms. On the economy level, power-law firm size distribution is plausible for 8 countries with scaling parameter α≈2. At the industry level, power-law firm size distribution is not rejected for 53% of all cases. However, an alternative log-normal distribution that might follow from Gibrat's law also appears to be likely as at the economy level it was not ruled out for 9 countries and 74% of industry-level cases.