periods in one of these three dimensions can modify the sign and the intensity of the firm size-investment and the firm size-growth … marginal cost of investment, can explain cross-sectoral variations in the firm size-investment and firm size-growth …This paper shows that the diverging results obtained in the literature on the firm size-growth relationship can be …

periods in one of these three dimensions can modify the sign and the intensity of the firm size-investment and the firm size-growth … marginal cost of investment, can explain cross-sectoral variations in the firm size-investment and firm size-growth …This paper shows that the diverging results obtained in the literature on the firm size-growth relationship can be …

The macroeconomic implications of firms' lumpy investment behavior are subject to ongoing research. Lumpy investment … periods, thereby reducing the frequency of investment activities. Using a dynamic stochastic general equilibrium model with … compute firms' optimal decisions on investment, utilization and labor demand. Compared to the constant utilization model, the …

rates generates dynamics between growth and distribution that results in a long-run variation in the capacity utilization … yields hysteresis in that it generates two different disequilibrium growth paths when shareholders and managers struggle to …

This paper proposes a growth-oriented dual-income tax by combining an allowance for corporate equity with a broadly … demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …

investment and firm's growth. Moreover, the leverage multiplier effect is the highest for firms relying on short-term credits and …In this paper we describe a theoretical model of optimal investment of various types of financially constrained firms …. We show that the resulting relationship between internal funds and investment is non-monotonic. In particular, the …