Reallocation of Capital and Labor within Firms
نویسندگان
چکیده
منابع مشابه
Capital and Labor Reallocation within Firms ∗ XAVIER GIROUD and HOLGER M . MUELLER forthcoming in Journal of Finance
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 locate...
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ژورنال
عنوان ژورنال: Swiss Journal of Economics and Statistics
سال: 2016
ISSN: 2235-6282
DOI: 10.1007/bf03399429