discontinuous growth can be based on a couple of assumptions: (a) in the short run, the firm’s equipment and organization provide … different locally optimal size. Secondly, when demand is growing, investment are expected to increase just when profits falls … between investment and profitability, controlling for the size of firms. …

discontinuously even if those inertial factors were removed. For instance, a very essential model of discontinuous growth can be based … framework. First of all, an upper bound constraints both investment and disinvestment. Secondly, the profitability is not a …. Therefore, firm’s level data would prove only weak statistical relationships among profitability, output and investment. Finally …

financial constraints is fundamental to the analysis of monetary transmission, of financial stability and of growth and …

financial constraints is fundamental to the analysis of monetary transmission, of financial stability and of economic growth and … method of checking the informational content of the data is developed. The relationship between investment activity and … constraints do indeed play a part in the investment process. Second, small firms close their capacity gaps faster than large firms …

growth, while we consistently find that they do not underperform in terms of profitability, our study provides no support for …

discontinuous growth can be based on a couple of assumptions:(a) in the short run, the firm's equipment and organization provide the … different locally optimal size. Secondly, when demand is growing, investment are expected to increase just in those firms where … apparent between investment and profitability, controlling for the size of firms …

paper on consumer durables. The model suggests that the repurchase process is governed by preferential growth. Applying … consequence the size distribution of business units is a lognormal distribution, while the growth rates are also given by a …

equilibrium allocation in Hopenhayn (1992)’s model of equilibrium industry dynamics, amended to allow for investment in physical … idiosyncratic productivity is mean-reverting, mean and variance of the distribution of productivity growth are pro-cyclical …