We argue that greater misallocation is a key driver of the worse management practices in Mexico compared to the US … greater misallocation in Mexico is the weaker size-management relationship compared to the US, particularly in the highly …

In addition to firm and industry characteristics, the heterogeneity of foreign direct investment (FDI) has to be taken …

This paper tests for the importance of cash flow on investment in fixed capital and R&D using firm-level panel data in … investment or R&D. In identical pecifications for British firms, cash flow is informative about investment, although not about … the level of R&D spending conditional on the R&D participation decision. In the UK, we also find that investment is less …