Verdier, Geneviève; Kersting, Erasmus; Dabla-Norris, Era - International Monetary Fund (IMF) - 2010
How do firm-specific actions-in particular, innovation-affect firm productivity? And what is the role of the financial sector in facilitating higher productivity? Using a rich firm-level dataset, we find that innovation is crucial for firm performance as it directly and measurably increases...
