Therefore, their measurement of productivity focuses on real gains in assets purchased, not on financial or accounting changes from these transactions. Through our studies, we've established that there is a direct benefit. Productivity of purchased assets increases following the majority of these transactions. Maksimovic and Phillips have presented their research at faculty workshops across the country. They also have presented different aspects of their study at meetings of the American Finance Association, Western Finance Association, and the National Bureau of Economic Research.
Vision is . . .
Prime movers have always had their detractors, says Locke. For example, it is argued that they were lucky because there was a brief window of opportunity, and they happened to be there in time to step through it. It is never explained why hundreds of thousands of other people who were at the same place at the same time failed to step through the same window. Based on what it knows, it makes new connections, projects the future, and imagines possibilities.