According to the dynamic life cycle theory of firms, it is expected that growing firms, particularly newcomers and younger firms, will experience a faster increase in productivity compared to older firms. This is because they are able to quickly learn and adopt advanced technology as they enter the market.

将下面改写的学术、精炼一点For growing firmsas predicted by the firm’s dynamic life cycle theory newcomers and younger firms tend to increase productivity at a faster rate compared to older firms by quickly learn a

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