Corporate productivity growth: Champions, leaders, and laggards

Economic Inquiry

Volumn 47, Issue 1, 2009, Pages 1-17

  Geroski, Paul ^a,d   Kretschmer, Tobias ^b,e   Walters, Chris ^c  

^a Victoria House   (United Kingdom)

^b UNIVERSITY OF MUNICH   (Germany)

^c United Kingdom Competition and Markets Authority   (United Kingdom)

^d LONDON BUSINESS SCHOOL   (United Kingdom)

^e LONDON SCHOOL OF ECONOMICS   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 58849106432     PISSN: 00952583     EISSN: 14657295     Source Type: Journal    
DOI: 10.1111/j.1465-7295.2007.00115.x     Document Type: Article

References (47)

1. Baily, M., C. Hulten, and D. Campbell. "Productivity Dynamics in Manufacturing Plants." Brookings Papers on Economic Activity. Microeconomics, 1992, 187 249.
2. Bernstein, J., and P. Mohnen. "Price-Cost Margins, Exports and Productivity Growth: With an Application to Canadian Industries." Canadian Journal of Economics, 24, 1991, 638 59.
3. Brigham, E., and J. Houston. Fundamentals of Financial Management. Mason, OH : Thomson South Western, 2004.
4. Brush, T., and P. Bromiley. "What Does a Small Corporate Effect Mean? A Variance Components Simulation of Corporate and Business Effects." Strategic Management Journal, 18, 1997, 825 35.
5. Brush, T., P. Bromiley, and M. Hendrickx. "The Relative Influence of Industry and Corporation on Business Segment Performance: An Alternative Estimate." Strategic Management Journal, 20, 1999, 519 47.
6. Brush, T., and A. Karnani. "Impact of Plant Size and Focus on Productivity: An Empirical Study." Management Science, 42, 1996, 1065 81.
7. Cohen, W., and D. Levinthal. "Absorptive Capacity: A New Perspective on Learning and Innovation." Administrative Science Quarterly, 35, 1990, 128 52.
8. Cox, D. "Regression Models and Life Tables." Journal of the Royal Statistical Society, Series B, 34, 1996, 187 220.
9. Crafts, N. and T. Mills. "TFP Growth in British and German Manufacturing, 1950-1996." Economic Journal, 115, 2005, 649 70.
10. Geroski, P. "Entry, Innovation and Productivity Growth." Review of Economics and Statistics, 71, 1989, 572 78.
11. Geroski, P. "Innovation and the Sectoral Sources of UK Productivity Growth." Economic Journal, 101, 1991, 1438 51.
12. Geroski, P., and A. Jacquemin. "The Persistence of Profits: A European Comparison." Economic Journal, 98, 1988, 375 89.
13. Geroski, P., S. Lazarova, G. Urga, and C. Walters. "Are Differences in Firm Size Transitory or Permanent?" Journal of Applied Econometrics, 18, 2003, 47 59.
14. Geroski, P., S. Machin, and C. Walters. "Corporate Growth and Profitability." Journal of Industrial Economics, 45, 1997, 171 89.
15. Geroski, P., I. Small, and C. Walters. "Agglomeration Economies, Technology Spillovers and Company Productivity Growth," in Productivity, Innovation and Economic Performance, edited by R. Barrell, G. Mason, and M. O'Mahony. Cambridge, UK : Cambridge University Press, 2000, 236 67.
16. Geroski, P., J. Van Reenen, and C. Walters. "Innovations, Patents and Cash Flow," in Innovation and Firm Performance, edited by A. Kleinknecht, and P. Mohnen. London : Palgrave, 2001, 31 55.
17. Gilson, S. "Transaction Costs and Capital Structure Choice: Evidence from Financially Distressed Firms." Journal of Finance, 52, 1997, 161 96.
18. Greene, W. Econometric Analysis. 2nd ed. Upper Saddle River, NJ : Prentice Hall, 1993.
19. Gregg, P., S. Machin, and D. Metcalf. "Signals and Cycles? Productivity Growth and Changes in Union Status in British Companies, 1984-9." Economic Journal, 103, 1993, 894 907.
20. Grossmann, G., and E. Helpman. "Endogenous Innovation in the Theory of Growth." Journal of Economic Perspectives, 8 (1 1994, 23 44.
21. Hall, R. "Invariance Properties of Solow's Productivity Residual," in Growth/Productivity/Unemployment: Essays to Celebrate Bob Solow's Birthday, edited by P. Diamond. Cambridge, MA : MIT Press, 1990.
22. Harris, M., and A. Raviv. "Capital Structure and the Informational Role of Debt." Journal of Finance, 45, 1990, 321 49.
23. Haskel, J., B. Kersley, and C. Martin. "Labour Market Flexibility and Employment Adjustment: Micro Evidence from UK Establishments." Oxford Economic Papers, 49, 1997, 362 79.
24. HM Treasury. Productivity in the UK: The Evidence and the Government's Approach. London : The Stationery Office, 2000.
25. Hulten, C, ed. Productivity Growth in Japan and the United States. Cambridge, MA : National Bureau of Economic Research, 1990.
26. Kauffman, S. "Escaping the Red Queen Effect." McKinsey Quarterly, 1995, 1995, 118 29.
27. Kiefer, N. "Economic Duration Data and Hazard Functions." Journal of Economic Literature, 26, 1988, 646 79.
28. Kovenock, D., and G. Phillips. "Capital Structure and Product Market Behaviour: An Examination of Plant Exit and Investment Decisions." Review of Financial Studies, 10, 1997, 767 803.
29. McGahan, A., and Porter, M. "How Much Does Industry Matter, Really?" Strategic Management Journal 18, 1997, 15 30.
30. Milgrom, P., and J. Roberts. Economics, Organization & Management. Upper Saddle River, NJ : Prentice-Hall, 1992.
31. Mueller, D. Profits in the Long Run. Cambridge : Cambridge University Press, 1986.
32. Nelson, R. R., and G. Wright. "The Rise and Fall of American Technological Leadership: The Postwar Era in Historical Perspective." Journal of Economic Literature, 30, 1992, 1931 64.
33. Nickell, S. "Competition and Corporate Performance." Journal of Political Economy, 104, 1996, 724 46.
34. Nickell, S., and D. Nicolitsas. "How Does Financial Pressure Affect Firms?" European Economic Review, 43, 1999, 1435 56.
35. Nickell, S., S. Wadhwani, and M. Wall. "Productivity Growth in UK Companies 1975-86." European Economic Review, 36, 1992, 1055 85.
36. O'Mahony, M. Britain's Productivity Performance 1950-1996. London : National Institute for Economic and Social Research, 1999.
37. Pack, H. "Endogenous Growth Theory: Intellectual Appeal and Empirical Shortcomings." Journal of Economic Perspectives, 8 (1 1994, 55 72.
38. Penrose, E. The Theory of the Growth of the Firm. Oxford : Oxford University Press, 1959.
39. Prahalad, C. K., and G. Hamel. "The Core Competence of the Corporation." Harvard Business Review, May/June, 1990, 79 91.
40. Romer, P. "Endogenous Technological Change." Journal of Political Economy, 98, 1990, S71 S102.
41. Romer, P. "The Origins of Endogenous Growth." Journal of Economic Perspectives, 8 (1 1994, 3 22.
42. Roquebert, J., R. Phillips, and P. Westfall. "Markets vs. Management: What "Drives" Profitability?" Strategic Management Journal, 17, 1996, 653 64.
43. Rumelt, R. "How Much Does Industry Matter?" Strategic Management Journal, 12, 1991, 167 85.
44. Schmalensee, R. "Do Markets Differ Much?" American Economic Review, 75, 1985, 341 51.
45. Sutton, J. "Gibrat's Legacy." Journal of Economic Literature, 35, 1997, 40 59.
46. Vickers, J. "Concepts of Competition." Oxford Economic Papers, 47, 1995, 1 23.
47. Wernerfelt, B. "A Resource-Based View of the Firm." Strategic Management Journal, 5, 1984, 171 80.