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High-Growth Enterprises (HGEs) have a large economic impact, but are notoriously hard to predict. Previous research has linked high-growth episodes to the configuration of lumpy indivisible resources inside firms, such that high capacity utilisation levels might stimulate future growth. We...
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A longstanding criticism to Keynesian and Kaleckian growth theories is the question: why would firms operating with underutilized capacity accumulate capital stock? Our answer hinges on firms’ utilization choices depending on their beliefs about the level of demand, as captured by aggregate...
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moral codes, this article explores a theory of ethics, known as the “Hunt-Vitell” theory of ethics, that illuminates the … concept of personal moral codes and uses the theory to discuss which types of personal moral codes foster trust and distrust … in society. This article then uses resource-advantage (R-A) theory, one of the most completely articulated dynamic …
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a high level of competition. What a country produces and how much it competes domestically and internationally are …
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