This paper investigates on debt financing, considering as an important source of finance for firms' all long term and short term operating requirements of the firms. The percentage of debt financing in capital structure is affected by the profitability and growth of companies. This objective of...

We build a new concordance between the NBER Patent Data and US Census micro-data, and use it to examine what happens when firms patent. We find strong evidence that increases in patent stock are associated with increases in firm size and scope as well as with changes in factor intensity. We find...

Capital deepening may affect the evolution of the wage differential between skilled and unskilled workers differently in countries with different labor market institutions. If labor market institutions raise the relative wage of unskilled workers in Germany, firms have incentives to invest...