The Bright Side of Corporate Diversification: Evidence from Internal Labor Markets
نویسندگان
چکیده
منابع مشابه
The Bright Side of Corporate Diversification: Evidence from Internal Labor Markets.
We document differences in human-capital deployment between diversified and focused firms. We find that diversified firms have higher labor productivity and that they redeploy labor to industries with better prospects in response to changing opportunities. The opportunities and incentives provided in internal labor markets in turn affect the development of workers' human capital. We find that w...
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ژورنال
عنوان ژورنال: Review of Financial Studies
سال: 2015
ISSN: 0893-9454,1465-7368
DOI: 10.1093/rfs/hhv012