Yu, Xiaodan; Dosi, Giovanni; Grazzi, Marco; Lei, Jiasu - 2015
, profitability, investment and growth, based on China's manufacturing firm-level dataset over the period 1998-2007. First, we find … that productivity variations, rather than relative levels, are the dominant productivity-related determinant of firm growth …, and account for 15%-20% of the variance in firms' growth rates. The direct relation between profitability and firm growth …