therefore influence firm economic productivity. In this study, we develop a framework and test the relationship between economic … productivity and organizational slack through an examination of 9 years financial data of 106 U.S. listed companies. Each variable … IT investments which later are consumed and converted into economic productivity. Full paper available at https …

firm characteristics - Tobin's Q, past investment, earnings-price ratios, market betas, and idiosyncratic volatility of … returns by aggregate investment and valuation ratios; and v) a downward sloping term structure of risk premia for dividend … strips. Our model delivers testable predictions about the behavior of firm-level real variables - investment and output …