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outcomes. The UK, Sweden, Canada and the US obtain the highest management scores closely followed by Germany, with a gap to …
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and firm-level productivity in Germany. In our preferred TFP estimates only a small fraction of this correlation is …
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This paper tests for the importance of cash flow on investment in fixed capital and R&D using firm-level panel data in two countries between 1985 and 1994. For German firms, cash flow is not informative in simple econometric models of fixed investment or R&D. In identical pecifications for...
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US, France, Germany and the UK. These measures of managerial practice are strongly associated with firm …
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