Flexible workplace organization (WO) increases the efficiency of a firm's future capital investment.Hence, investment in WO positively predicts future capital investment and exposure to future aggregate investment-specific technology (IST) shocks. As a result, firms that invest in WO become...

A new technology or product is often developed by the single entrepreneur. Whether he reaches the public offering stage or is acquired by a listed firm it takes time for the innovator to add value to the stock market. Indeed first, reduce the market's value because some firms -- usually large or...