| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20138 |
| 来源ID | Working Paper 20138 |
| Matching Capital and Labor | |
| Jonathan B. Berk; Jules H. van Binsbergen; Binying Liu | |
| 发表日期 | 2014-05-15 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We establish an important role for the firm by studying capital reallocation decisions of mutual fund firms. At least 30% of the value mutual fund managers add can be attributed to the firm's role in efficiently allocating capital amongst its mutual fund managers. We find no evidence of a similar effect when a firm hires managers from another firm. We conclude that an important reason why firms exist is the private information that derives from the firm's ability to better assess the skill of its own employees. |
| 主题 | Microeconomics ; Households and Firms ; Financial Economics ; Portfolio Selection and Asset Pricing ; Financial Institutions ; Corporate Finance ; Labor Economics ; Labor Supply and Demand ; Industrial Organization ; Firm Behavior |
| URL | https://www.nber.org/papers/w20138 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577812 |
| 推荐引用方式 GB/T 7714 | Jonathan B. Berk,Jules H. van Binsbergen,Binying Liu. Matching Capital and Labor. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
