and gender) and its performance (productivity and profitability) for a large representative sample of enterprises from …-productivity profiles, which are consistent with human capital theory, and adds a new finding of a rather negative effect of age on firms …' profitability, which is consistent with deferred compensation considerations. Moreover, our analysis reveals for the first time that …

and gender) and its performance (productivity and profitability) for a large representative sample of enterprises from …-productivity profiles, which are consistent with human capital theory, and adds a new finding of a rather negative effect of age on firms …' profitability, which is consistent with deferred compensation considerations. Moreover, our analysis reveals for the first time that …

age and gender) and its performance (productivity and profitability) for a large representative sample of enterprises from … correlation of age on firms' profitability. Moreover, our micro-econometric analysis reveals for the first time that the ceteris … level of profitability in these firms. …

past profitability and expectations based on current capacity utilization) are more important for productivity and economic … macro theory than has been accomplished thus far. In particular, economic competence must be included. The paper also tries …

-cyclicality of firm profitability and its negative association with financial constraints. Finally, we exploit the richness of this …

, profitability, and owner aspirations – all linked to annual firm-level employment data since the firm hired its first employee …