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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP10360 |
DP10360 Capital and Labor Reallocation within Firms | |
Holger Mueller; Xavier Giroud | |
发表日期 | 2015-01-25 |
出版年 | 2015 |
语种 | 英语 |
摘要 | We document how a shock to investment opportunities at one plant (?treated plant?) spills over to other plants within the same firm, but only if the firm is financially constrained. To provide the treated plant with resources, headquarters withdraws capital and labor from other plants, especially from plants that are relatively less productive, not part of the firm?s core industries, and located far away from headquarters. As a result of the resource reallocation, aggregate firm-wide productivity increases. We do not find any evidence of capital or labor spillovers among plants of financially unconstrained firms. |
主题 | Financial Economics |
关键词 | Internal capital markets |
URL | https://cepr.org/publications/dp10360 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539191 |
推荐引用方式 GB/T 7714 | Holger Mueller,Xavier Giroud. DP10360 Capital and Labor Reallocation within Firms. 2015. |
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