The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …

performance on financial performance. Our estimation results can be explained by the high number of confounding financial effects …

make the firm more productive. We show that stock price informativeness increases firm productivity. We predict and confirm … that the productivity of smaller and younger firms, better governed firms, more specialized firms, and firms with more …