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death ; firm heterogeneity ; business conditions and firm productivity ; trade integration …
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death ; firm heterogeneity ; business conditions and firm productivity ; trade integration …
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This paper provides new evidence about the link between firm level total factor productivity (TFP) and stock returns … market ratio, investment, and hiring rate. Low productivity firms earn a significant premium over high productivity firms in …
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particular, an increase in the volatility of idiosyncratic productivity shocks significantly decreases aggregate output without …
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