Earnings management (EM) and its association with firm performance has been a subject of research interest for decades. This study re-examines the EM-firm performance nexus in a novel way using a nonlinear framework and introducing macro-economic misery index (MI) as a possible threshold...

This paper investigates the empirical link between emission intensity and economic growth, using a very large data set of 61,219 Italian manufacturing firms over the period 2000-2004. As a measure of lagged environmental performance (efficiency) at firm level we exploit NAMEA sector for CO2,...

This online appendix accompanies the article forthcoming in the Southern Economic Journal. This appendix contains additional information on the data and methodology used in the article, as well as results from additional and supplementary estimations

This paper assesses the productivity puzzle critically and gives an outlook on the COVID-19 crisis. It offers two main conclusions. First, it posits that a large fraction of the productivity puzzle can be solved by incorporating intangible capital into the asset boundary of the national...

“Computing performance doubles every couple of years” is the popular re-phrasing of Moore's Law, which describes the 500,000-fold increase in the number of transistors on modern computer chips. But what impact has this 50-year expansion of the technological frontier of computing had on the...

This paper surveys what we know about international R&D spillovers, with a particular attention devoted to the business literature that link the R&D internationalization to economic performance. Despite the fact that there is a large literature on the internationalization of R&D at the country...

This paper empirically studies the influence of firms’ independent research and development on productivity. It considers two R&D behaviors of firms: independent innovation and dependent imitation. We acquire data from 28 post-communist economies between 2017 and 2019, and innovatively create...

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model using detailed US...

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A new and central economic force is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model...

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model using detailed US...