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Dynamics of investment and firm performance : comparative evidence from manufacturing industries

Grazzi, Marco; Jacoby, Nadia; Treibich, Tania - 2013

If the relation between investment and economic growth is well established in the macroeconomic literature, the … linking investment and firm performance in the French and Italian manufacturing industries. It does so by putting forth a … novel methodology to identify investment spikes that corrects for size dependence. While maintaining the desired properties …

Persistent link: https://www.econbiz.de/10009709518

Inside the virtuous cycle between productivity, profitability, investment and corporate growth : an anatomy of China industrialization

Yu, Xiaodan; Dosi, Giovanni; Grazzi, Marco; Lei, Jiasu - 2015

, profitability, investment and growth, based on China's manufacturing firm-level dataset over the period 1998 - 2007. First, we find …, the profitability-growth relationship is mediated via investment. Firm's contemporaneous and lagged profitabilities … display positive and significant effect on the probability to report an investment spike, and, in turn, investment activity is …

Persistent link: https://www.econbiz.de/10010500809

Do liquidity constraints matter in explaining firm size and growth? : Some evidence from the Italian manufacturing industry

Fagiolo, Giorgio (contributor); … - 2004

-constrained. -- Firm Size ; Liquidity Constraints ; Firm Growth ; Investment ; Gibrat Law …

Persistent link: https://www.econbiz.de/10003209496

Distant but close in sight : firm-level evidence on French-German productivity gaps in manufacturing

Grebel, Thomas; Napoletano, Mauro; Nesta, Lionel - 2020

We study the productivity level distributions of manufacturing firms in France and Germany, and how these distributions evolved across the Great Recession. We show the presence of a systematic productivity advantage of German firms over French ones in the decade 2003-2013, but the gap has...

Persistent link: https://www.econbiz.de/10012319184

A closer look at serial growth rate correlation

Coad, Alex (contributor) - 2006

Serial correlation in annual growth rates carries a lot of information on growth processes it allows us to directly observe firm performance as well as to test theories. Using a 7-year balanced panel of 10 000 French manufacturing firms, we observe that small firms typically are subject to...

Persistent link: https://www.econbiz.de/10003740248

Wage structure in Italian manufacturing firms

Bottazzi, Giulio (contributor); Grazzi, Marco (contributor) - 2007

This paper jointly considers some pieces of evidence regarding peculiarities of industries' structure which are often separately addressed. Italian industrial sectors are known to be characterized by a high proportion of small enterprises that suffers from constraints to growthʺ. We look at the...

Persistent link: https://www.econbiz.de/10003740314

Self selection and post-entry effects of exports : evidence from Italian manufacturing firms

Serti, Francesco (contributor); Tomasi, Chiara (contributor) - 2007

Our paper adds empirical evidence on the causal effects of exporting on firms' performances. Using a rich database on Italian manufacturing firms, we test the self-selection and the post-entry effects hypotheses with respect to various firms' characteristics. Our analysis supports the idea that...

Persistent link: https://www.econbiz.de/10003744962

The growth of industrial sectors : theoritical insights and empirical evidence from US manufacturing

Sapio, Sandro (contributor); Thoma, Grid (contributor) - 2006

In this paper, we study the growth rates of 4-digit sectors in U.S. manufacturing. Two measures of size (value of shipments, value added) are considered, for each of the 38 years (1959-1996) of a sample of 458 4-digit sectors, drawn from the NBER Manufacturing Productivity database. Whole sample...

Persistent link: https://www.econbiz.de/10003321402

Turbulence underneath the big calm? : exploring the micro-evidence behind the flat trend of manufacturing productivity in Italy

Dosi, Giovanni; Grazzi, Marco; Tomasi, Chiara; Zeli, … - 2010

Italy ranked last in terms of manufacturing productivity growth according to OECD estimates over the last decade with a flat, if not declining, trend. In this work we investigate the underlying firm-level dynamics of enterprises on the grounds of a database developed by the Italian Statistical...

Persistent link: https://www.econbiz.de/10008729153

Growth processes of Italian manufacturing firms

Coad, Alexander; Rao, Rekha; Tamagni, Federico - 2010

This paper presents a multidimensional empirical analysis of firm growth. Exploiting census data on Italian manufacturing firms, 1989-1997, we estimate a reduced-form VAR to analyze the co-evolution of employment growth, sales growth, growth of profits and labour productivity growth. Our main...

Persistent link: https://www.econbiz.de/10008729331