productivity gains to investment and an incentive plan, we are left with a large unexplained component. Learning by experimentation …, or tweaking, seems to be behind the continual and gradual process of productivity growth. The findings suggest that …

between growth and investment; this association is enhanced by leverage, especially for high-growth firms. This supports the …The study aims to investigate how relying on short-term debt may help Chinese listed firms to make efficient investment … decisions and reduce overinvestment problem for low-growth firms. The study uses a large set of panel data of non …

This paper studies the aggregate implications of microeconomic investment irreversibility and idiosyncratic uncertainty … in a simple growth model by highlighting real option effects. We endogenize the drift rate of real option by connecting … sector and show the different implications of idiosyncratic and aggregate uncertainty on growth dynamics. …