, 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 …

, 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 …

reallocation through an investigation of the productivity-profitability-growth relations at the firm level. Exploiting large panels … profitability differentials, whereas the relationships of corporate growth with either productivity or profitability appear much …

, 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 …

reallocation through an investigation of the productivity-profitability-growth relations at the firm level. Exploiting large panels … profitability differentials, whereas the relationships of corporate growth with either productivity or profitability appear much … ; productivity ; profitability ; market selection ; cross-country comparisons …