Using a unique combination of micro-level data sources on French firms, this paper explores the relationship between cloud technologies and firm growth. Whereas digital technologies have generally been found to disproportionately benefit larger firms, we document that cloud use is positively associated with firm growth, and this association is significantly stronger for smaller firms. Distinguishing cloud services between Infrastructure-as-a-Service (IaaS) and Software-as-a-Service (SaaS), we find that the size-contingent association is driven entirely by SaaS. Crucially, this small firm advantage is conditional on complementary assets as it emerges only among firms endowed with ICT capabilities. Our results are robust across a range of specifications, including instrumental variable strategies. SaaS cloud use is further associated with internal workforce reorganisation toward ICT, managerial, and intermediate occupations and away from manual and clerical ones, particularly among smaller firms, consistent with SaaS cloud operating as an organisational innovation enabling digitalisation and scaling. Finally, we present descriptive sectoral evidence of a negative correlation between cloud and market concentration.
From macro to micro: Economic complexity indicators for firm growth
Tor Vergata University of Rome(罗马托尔维加塔大学);Enrico Fermi Research Centre(恩里科·费米研究中心);Universitas Mercatorum(梅卡托姆大学);University of Zurich(苏黎世大学);University of Budapest(布达佩斯大学)
Diversification, economies of scope, and exports growth of Chinese firms
CONICET - University of Buenos Aires, Faculty of Economics, IIEP-Baires(阿根廷国家科学研究委员会 - 布宜诺斯艾利斯大学经济系);IBIMET-CNR & Sant’Anna School of Advanced Studies, Pisa(意大利国家研究委员会生物经济与农业研究所(IBIMET-CNR)与圣安娜高等研究院);The Institute for Advanced Research of Shanghai University of Finance and Economics(上海财经大学高级研究院)
Political Power-Sharing, Firm Entry, and Economic Growth: Evidence from Multiple Elected Representatives
Imperial College London(帝国理工学院);Indian Institute of Management Bangalore(印度管理学院班加罗尔分校);National University of Singapore(新加坡国立大学);Olin Business School, Washington University - St. Louis(华盛顿大学圣路易斯分校奥林商学院)
AI-Driven Digital Transformation and Firm Performance in Chinese Industrial Enterprises: Mediating Role of Green Digital Innovation and Moderating Effects of Human-AI Collaboration