Zum Einfluss der Wachstumsdiskontinuität auf die Unternehmensperformance
Abstract:
How does discontinuity of growth, not growth itself, influence firm performance? To answer this question the paper develops a formal model that is used to discuss economic consequences of varying growth paths. The model shows on what variables the optimal growth discontinuity depends upon. The paper also provides a basis for discussing practical implications of varying growth scenarios.