This paper aims to reconcile the logic behind stochastic models of firm growth and the notion of organizational capabilities as drivers of economic performance. In the proposed behavioral model of bounded rational firms, two mechanisms drive growth: independent stochastic growth of individual opportunities and the process by which firms capture new opportunities. To extend the stochastic framew...

This study investigates the moderating effect of firm size in the relationship between corporate governance (board size, board independence and ownership concentration) and banks’ risk-taking (insolvency risk and credit risk). Secondary data (annual reports) was collected from a sample of 21 Malaysian commercial banks covering the 2005–2014 accounting period. An empirical model using pooled ord...

Ability of managers and other nonproduction professionals is key for the productivity of firms. Hence, the assignment of heterogeneous nonproduction workers across firms determines the distribution of productivity. In turn, the transmission of productivity differences into profit differences — resulting from product market competition — determines firms’ willingness to pay for higher managerial...

in this study, sio2 nanoparticles were successfully synthesized via sol-gel precipitation method and the effects of different parameters such as temperature, ethanol, ammonia and tetraethylorthosilicate (teos) contents based on water were investigated in a systematic way applying taguchi experimental design method. it was found that, among all the investigated parameters, ethanol as a co-solven...