Firm Age, Investment Opportunities, and Job Creation
---- Acknowledgements -----
Please address correspondence to Manuel Adelino, Fuqua School of Business, 100 Fuqua Drive, Durham, NC 27708. We are grateful to seminar participants at HEC Paris and UCLA for providing helpful feedback. Any errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.