Nonnis, Alberto; Roth, Felix; Bounfour, Ahmed - 2024
This paper presents a puzzling finding: although France invests twice as much in intangible capital vis-à-vis Germany … investments is driven by France's four- and two-and-a-half-fold investments in software and organizational capital. Our paper … offers three perspectives to clarify the puzzle. First, higher investments in intangible capital in France might suggest a …