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This paper attempts to explain the level and dynamics of firm level productivity through a model of convergence, for UK … service sector firms over the period 1988 to 1998. Firms of different characteristics have different productivity levels and … firm and weak evidence that it is related to firm age. Given the high initial productivity of foreign owned firms we …
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This paper uses high-frequency data for publicly-listed Japanese manufacturing firms over the period 2000 to 2010 to show that a greater reliance on foreign market sales increases the conditional volatility of firms' stock returns. The two margins of global engagement we consider, namely,...
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