| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29957 |
| 来源ID | Working Paper 29957 |
| Asymmetric Investment Rates | |
| Hang Bai; Erica X. N. Li; Chen Xue; Lu Zhang | |
| 发表日期 | 2022-04-18 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Integrating national accounting with financial accounting, we provide firm-specific estimates of current-cost capital stocks for the entire Compustat universe, as well as an array of estimates of investment flows, economic depreciation rates, and capital and investment price deflators. The firm-level current-cost investment rate distribution is heavily right-skewed, with a small fraction of negative investment rates, 5.51%, but a huge fraction of positive investment rates, 91.64%. Despite a tiny fraction of inactive investment rates, 2.85%, firm-level investment also seems lumpy, featuring a fraction of 32.66% for positive spikes (investment rates higher than 20%). For a typical firm, 39% of total investment is completed within 20% of the sample years. |
| 主题 | Macroeconomics ; Money and Interest Rates ; Financial Economics ; Portfolio Selection and Asset Pricing |
| URL | https://www.nber.org/papers/w29957 |
| 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/587631 |
| 推荐引用方式 GB/T 7714 | Hang Bai,Erica X. N. Li,Chen Xue,et al. Asymmetric Investment Rates. 2022. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29957.pdf（589KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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