Did a small search tonight and found the data of US company by sizes from NAICS (https://www.naics.com/business-lists/counts-by-company-size/), there are at least 34216 firms with more than 100 million dollar revenue by 2023-03-30, while the total number of firms is 18,232,567
Hi Ben, super interesting to know. By any chance, do you know what is the share of US firms that have revenue greater than $100 million in total? Just trying to figure out how large the denominator is but i only have Compustat data
Hi, not 100% sure, the representativeness of Compustat firms is a big q. Two papers that jump to mind on that question are Zwick and Mahon 2005, (they note that "half the firms in our sample are smaller than the smallest firms in Compustat", and they have some comparisons in Appendix B.2), but that's an older paper. You might also take a look at Section 4 of James Traina's "Profit Puzzles" which has public private firm comparisons.
Did a small search tonight and found the data of US company by sizes from NAICS (https://www.naics.com/business-lists/counts-by-company-size/), there are at least 34216 firms with more than 100 million dollar revenue by 2023-03-30, while the total number of firms is 18,232,567
Hi Ben, super interesting to know. By any chance, do you know what is the share of US firms that have revenue greater than $100 million in total? Just trying to figure out how large the denominator is but i only have Compustat data
Hi, not 100% sure, the representativeness of Compustat firms is a big q. Two papers that jump to mind on that question are Zwick and Mahon 2005, (they note that "half the firms in our sample are smaller than the smallest firms in Compustat", and they have some comparisons in Appendix B.2), but that's an older paper. You might also take a look at Section 4 of James Traina's "Profit Puzzles" which has public private firm comparisons.
Awesome, I will take a look of these