Ayyagari, Meghana; Demirgüç-Kunt, Asli; Maksimovic, … - 2019
by the mismeasurement of intangible capital. Compared with other firms, star firms produce more per dollar of invested … capital, have higher growth, innovation, and productivity and are not differentially affected by exogenous competitive shocks …. Their pricing power supports their high intangible capital investment. Some exceptional firms may pose concerns due to their …