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, profitability, investment and growth, based on China's manufacturing firm-level dataset over the period 1998 - 2007. First, we find …, and account for 15% - 20% of the variance in firms' growth rates. The direct relation between profitability and firm …, the profitability-growth relationship is mediated via investment. Firm's contemporaneous and lagged profitabilities …
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, profitability, investment and growth, based on China's manufacturing firm-level dataset over the period 1998-2007. First, we find …, and account for 15%-20% of the variance in firms' growth rates. The direct relation between profitability and firm growth …, the profitability-growth relationship is mediated via investment. Firm's contemporaneous and lagged profitabilities …
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