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Profit and growth are considered as important goals in managing firms. This study tests the impact of initial profits on the growth and profit on a sample of firms listed at Karachi Stock Exchange (KSE) for the period 2006 to 2011. In addition to initial profits the study also checked the impact...
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caution against the growth-at-all-costs paradigm. Amongst them, Davidsson et al. (2009) notably showed that profitability …
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