Coad, Alex; Guenther, Christina - Science and Technology Policy Research (SPRU), School … - 2013
’s (1959) Theory of the Growth of the Firm to formulate hypotheses about growth of employment, assets, and sales in the years … terms of product introductions, is preceded by employment growth. Moreover, we find support that diversification is … positively associated with subsequent asset growth, but negatively associated with subsequent employment growth. …