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has a negative or no effect. Education, age, being male, and firm size are all positively related to profit, while young …
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relationship to size requires untangling cost and profit from decisions about risk versus expected-return because both cost and … profit are functions of endogenous risk-taking. This chapter gives an overview of two general empirical approaches to …
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organizations. Primarily, it seems to challenge the status of profit as an ultimate measure that no logic transcends, sanctifying in …
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