Li, Qiang; Liu, Hao; Zeng, Yong - In: Journal of management science and engineering 7 (2022) 2, pp. 197-212
The size effect can be attributed to the relative importance of growth options versus assets-in-place in total assets … downward pattern of size effect over firm lifecycle, while new growth options created by R&D or innovative investments can … intensify size effect. Using a sample of listed firms in USA stock market during the period of 1963-2018, both cross …