Growth strategies of startups are examined based onthe role of rounds of venture capital financing. Three aspects of venturecapital financing are investigated: (1) whether financial resources constrainthe growth of startups and whether rounds of funding unbind this constraint;(2) what the role...

The purpose of this study is to demonstrate how cross- sectional observations of expenditures by school districts within a particular state's jurisdiction may be used to estimate efficiency standards for public school expenditures. The standards are estimated using frontier regression techniques...

In this paper we report the results of an experiment designed to investigate the potential benefits of more accurate costing systems. Subjects in our experiment participated in one of four single-person decision making settings which varied in terms of the accuracy of costing systems (less...

We examine how inventory overproduction among high fixed costs firms affects these firms' contemporaneous and future accounting performance, and how financial analysts and the stock market incorporate implications of these relations in their reactions. We find that higher fixed costs firms...

Alternative schools of thought exist about the relation between quality and profitability. The quot;quality is freequot; school argues that outlays on improving quality consistently yield positive returns. An alternative (economics) perspective is that firms can make outlays on quality that do...