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. …

Firm’s size tipically changes through discrete leaps over time.The model of firm’s growth discussed here entails some …, investment increases in those firms where profit falls shorter some given threshold. The main predictions of the model are …

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 …

Over recent years `opportunity cost' (OC) models of growth have been constructed which suggest that firms take …

successful. Both private credit and stock market capitalization are important for promoting entry and post entry growth of firms … entry of new (especially small) firms and the post-entry growth of successful young businesses. …

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 …

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

created the incentives for firms to pay the costs of investment. Trade-induced innovation reinforced the selection effect by … which international trade leads to productivity growth. Finally, using the estimated parameters, simulations evaluate the …

This paper investigates the incentives to invest in improving the quality (as distinguished to investment in a new … activity) in telecommunication industry using the empirical example of wireless markets. We highlight that investment … intensity and penetration rate. We show that there is a target amount of investment for each national market that firms strive …