costs, technological change, among others. Our key findings are: (1) industries with higher sunk capital costs and profit … the five-yearly Census of Manufactures. This allows us to construct measures of uncertainty about profits, sunk capital …

of firm volatility across industries: for example, sunk capital costs, uncertainty about profits and technological change …-specific size distribution of establishments, the number of establishments per firm and construct proxies for sunk capital costs …. Our empirical findings show that: (1) industries with higher sunk capital costs and profit uncertainty have significantly …

of firm volatility across industries: for example, sunk capital costs, uncertainty about profits and technological change …-specific size distribution of establishments, the number of establishments per firm and construct proxies for sunk capital costs …. Our empirical findings show that: (1) industries with higher sunk capital costs and profit uncertainty have significantly …

of firm volatility across industries: for example, sunk capital costs, uncertainty about profits and technological change …-specific size distribution of establishments, the number of establishments per firm and construct proxies for sunk capital costs …. Our empirical findings show that: (1) industries with higher sunk capital costs and profit uncertainty have significantly …

costs, technological change, among others. Our key findings are: (1) industries with higher sunk capital costs and profit … the five-yearly Census of Manufactures. This allows us to construct measures of uncertainty about profits, sunk capital …