the three-year and five-year observation periods. Heavy regulations and a desire to avoid debt are the most common … companies, either because they want to avoid taking on debt or because they have deficiencies in sales and marketing. Small and …

, profitability, investment and growth, based on China's manufacturing firm-level dataset over the period 1998 - 2007. First, we find …, and account for 15% - 20% of the variance in firms' growth rates. The direct relation between profitability and firm …, the profitability-growth relationship is mediated via investment. Firm's contemporaneous and lagged profitabilities …

, profitability, investment and growth, based on China's manufacturing firm-level dataset over the period 1998-2007. First, we find …, and account for 15%-20% of the variance in firms' growth rates. The direct relation between profitability and firm growth …, the profitability-growth relationship is mediated via investment. Firm's contemporaneous and lagged profitabilities …

more capital investment does not seem to contribute to higher national economic growth or to higher corporate profitability …

Purpose This study aims to seek to analyse the relationships between profitability, productivity, external debt and … certain level of profitability, this determinant positively impacts SME growth. Productivity influences positively the firm … growth. There is a positive effect of external debt on SME growth, which can be explained by the insufficiency of internally …