We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …) firm growth independent of firm size, as stated in the so-called Gibrat's law, and (iii) R&D investment proportional to …

This paper analyzes the impact on firm behavior of the Homeland Investment Act of 2004, which provided a one-time tax …. Repatriations did not lead to an increase in domestic investment, employment or R&D -- even for the firms that lobbied for the tax …

decrease their Ramp;D spending (our main proxy for long-term investment) more than Japanese firms. We find no evidence that …

, and the effects of different investment profiles on total factor productivity growth on Dutch firm-level data. We estimate … an integrated model of investment profile adoption and total factor productivity growth. We find that the three … investment decisions are complementary, in the sense that investing in one increases the probability of investing in another one …

This study tests for financial constraints on Ramp;D investment and how they differ from capital investment. To … constraints, measured by mark-ups, are more decisive for Ramp;D than for capital investment. For external constraints, we find a … monotonic relationship between the level of constriction and firm size for both types of investment. Thus, external constraints …