Bartoloni, Eleonora - In: Empirica 40 (2013) 1, pp. 111-151
output, leverage and profitability. By using a Granger-Causality framework we will show that a firm’s leverage does not cause … and a firm’s operating profitability. The second contribution is an original investigation of the determinants of a firm … operating profitability increases, but the use of external funding increases with their innovative effort. We also find support …