This paper examines firms and the products they manufacture — and abandon — over time. We find strong relationships between product switching and a number of microand macroeconomic variables, including firm performance, aggregate manufacturing growth and product diversification. Most importantly, product switching is a very important — and active — margin of firm adjustment that is positively c...

Despite the domination of entrepreneurship approach in individual, organizational and national levels and because of global environmental competition, industrial/manufacturing firms and corporations especially in the developing countries seem to be unable to follow up this approach in their own organizations. A relevant research in 130 Iranian industrial firms in 2000, examined the entrepreneur...

Requiring many financial institutions to hold a risk-adjusted amount of capital when granting funds, the Basel II framework implies a risk dependent cost of capital for borrowing firms from year-end 2006 onwards. This novel policy of allocating capital creates and intensifies new challenges for manufacturing companies in innovative and capital intensive branches. In this regard, banks and other...