We present a simple argument to show that the p-function of the cl-dimensio
nal KPZ equation (d greater than or equal to 2) is to all orders in perturb
ation theory given by
beta(g(R)) = (d-2) g(R)- [2/(8 pi)(d/2)] Gamma(2 - d/2) g(R)(2)
Neither the dynamical exponent z nor the roughness exponent zeta have any c
orrection in any order of perturbation theory. This shows that standard per
turbation theory cannot attain the strong-coupling regime and in addition b
reaks down at d=4. We also calculate a class of correlation functions exact
ly.