We identify a firm's growth type by its valuation volatility which proxies for the extent to which asymmetric information arises from growth opportunities rather than from assets-in-place. We show that firm investment style (measured by R&D/[Capex R&D]) is persistent and positively aligned with...

Ch 1 The Rationality behind Risk Taking -- Ch 2 From three there comes everything -- Ch 3 Progression through Secondary Innovation -- Ch 4 Redefining Quality -- Ch 5 "Unlearning” in Research and Development -- Ch 6 The Cycle of Transformation” in Site Management -- Ch 7 A Forest where Talent...