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来源类型Working Paper
规范类型报告
DOI10.3386/w24389
来源IDWorking Paper 24389
Pollution and Human Capital Migration: Evidence from Corporate Executives
Ross Levine; Chen Lin; Zigan Wang
发表日期2018-03-12
出版年2018
语种英语
摘要We study the impact of pollution on the migration of high human capital employees. We link data on the opening of toxic-emitting plants with the career paths of executives at S&P 1500 firms. We discover that toxic-emitting plant openings increase executive departures from neighboring firms with adverse effects on stock prices. The results: are larger when polluting plants and firms are geographically closer, hold only for executives physically-based at treated firms, hold only for the opening of polluting plants, do not reflect other local factors or prior stock price performance, and are larger among executives with more general human capital.
主题Financial Economics ; Corporate Finance ; Labor Economics ; Unemployment and Immigration ; Environmental and Resource Economics ; Environment ; Regional and Urban Economics ; Real Estate
URLhttps://www.nber.org/papers/w24389
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/582063
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GB/T 7714
Ross Levine,Chen Lin,Zigan Wang. Pollution and Human Capital Migration: Evidence from Corporate Executives. 2018.
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