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corrected efficiency score correlates well with standard Growth Theory indicators. …, 2008). We propose a theory-based metric using Data Envelopment Analysis which corrects for sample bias and considers …
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I study the relation between corporate diversification and labor productivity in a sample of over 600,000 firms from 89 countries. Across the entire sample, greater diversification is associated with significantly lower labor productivity. Contrary to theories emphasizing the inefficient use of...
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