This paper studies the effects of marketing choice to firm growth. I assume that firm-level growth is the result of idiosyncratic productivity improvements with continuous arrival of new potential producers. A firm enters a market if it is profitable to incur the marginal cost to reach the first...

We adopt the framework of Schumpeterian creative destruction formalized by Aghion et al. (2009) to analyze the impact of foreign entry on the productivity growth of domestic firms. In the face of foreign entry, domestic firms exhibit heterogeneous patterns of growth depending on their...

A defining characteristic of an entrepreneurial venture is its motivation to grow (Schumpeter, 1954). Such motivation is usually fueled by the desire of entrepreneurs to improve venture performance, as well as by the excitement of associating with a growing entrepreneurial venture. Broadly...

In light of the recent explosion of internationalcapital mobility, it is important to consider the question of whether nationalfinancial institutions and markets still matter for growth once domestic agentshave access to foreign markets.Although this question is difficult toanswer empirically,...

We posit that entrepreneurs who engage in strategic activities will have high growth aspirations. Our proposed mechanism is that strategic engagements, specifically product innovation, process innovation and internationalization, open entrepreneurial ventures to learning, and thereby greater...

We study whether corporate income taxation affects the long-term growth of newly incorporated companies through its effect on their choice of leverage at entry. We find that a decrease in corporate income taxation leads to a sizeable decrease in leverage at entry, and that the distribution of...