investment and firm performance. We find that firm size and moderate competition is associated with higher intangible investment …, while firm age is associated with lower intangible investment. Examining firm performance, we find that higher investment is … and 'soft' performance objectives, but not with productivity or profitability …

-relationships among firm characteristics, intangible investment and firm performance. We find that firm size is associated with higher … dominant') are associated with lower intangible investment. Relating intangible investment to subsequent firm performance, we …' performance objectives, but not to productivity or profitability …

investment and firm performance. We find that firm size and moderate competition is associated with higher intangible investment …, while firm age is associated with lower intangible investment. Examining firm performance, we find that higher investment is … and 'soft' performance objectives, but not with productivity or profitability …