, profitability, investment and growth, based on China's manufacturing firm-level dataset over the period 1998-2007. First, we find …, the profitability-growth relationship is mediated via investment. Firm's contemporaneous and lagged profitabilities … that productivity variations, rather than relative levels, are the dominant productivity-related determinant of firm growth …

level investment sensitivity to cash flow is used to identify financing constraints. We find that the sensitivities are … importantly, the cash flow sensitivity of investment is lower in countries with better-developed financial markets. This suggests …

, profitability, investment and growth, based on China's manufacturing firm-level dataset over the period 1998-2007. First, we find …, the profitability-growth relationship is mediated via investment. Firm's contemporaneous and lagged profitabilities … that productivity variations, rather than relative levels, are the dominant productivity-related determinant of firm growth …

This paper empirically examines the effects of discriminatory fees on ATM investment and welfare, and considers the … role of coordination in ATM investment between banks. Our main findings are that foreign fees tend to reduce ATM … when a social planner decides on discriminatory fees and ATM investment to maximize total welfare. This implies that there …

&D investment at the firm level. The contribution of this study is threefold: first, we extend Máñez et al. [2014], Triguero et al … continuing investment in R&D depends on the market power of companies. We test alternative measures for market power: the …

combine R&D investments with patent data of the world top R&D investors worldwide and show that investment per patent varies …. Accounting for (un)observed heterogeneity may lead to better policy design and management decisions. …

We study the dual relationship between market structure and prices and between market structure and investment in …. Furthermore, they also lead to higher investment per mobile operator, though the impact on total investment is not conclusive. Our …

&D investment at the firm level. The contribution of this study is threefold: first, we extend Máñez et al. [2014], Triguero et al … continuing investment in R&D depends on the market power of companies. We test alternative measures for market power: the …

After a brief discussion on expected and actual investment behavior in the telecommunications industry after the 1996 … between UNE-P competition and BOC average net investment is found. According to the model, each UNE-P access line increased … BOC average net investment by $759 per year, or about 6.4% per year in the aggregate. While BOC net investment fell by …