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- W1566386317 abstract "A person cannot make many decisions at a time, but an organization needs millions of interrelated decisions. We incorporate this idea into investment theory and examine its influence on a firm's growth rate. Two assumptions are emphasized: an agent cannot optimize more than one input at a time, and there is interaction among inputs. Each investment is lumpy, but adjustment is gradual. Without an adjustment cost function and exogenous shocks, we derive the growth rate of a firm. The derived growth rate is independent of firm size and imperfectly correlated with Tobin's Q." @default.
- W1566386317 created "2016-06-24" @default.
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- W1566386317 date "2005-06-01" @default.
- W1566386317 modified "2023-09-24" @default.
- W1566386317 title "Limited Attention, Interaction and the Growth of a Firm" @default.
- W1566386317 hasPublicationYear "2005" @default.
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