G2TT
来源类型Discussion paper
规范类型论文
来源IDDP10360
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
URLhttps://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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