Replication data for: Labor and the Market Value of the Firm
Principal Investigator(s): View help for Principal Investigator(s) Monika Merz; Eran Yashiv
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
|---|---|---|---|
|
|
text/plain | 14.6 KB | 12/07/2019 07:41:AM |
|
|
application/octet-stream | 16.3 KB | 12/07/2019 07:41:AM |
|
|
text/plain | 10.9 KB | 12/07/2019 07:41:AM |
|
|
application/pdf | 73.9 KB | 12/07/2019 07:41:AM |
|
|
application/vnd.ms-excel | 39 KB | 12/07/2019 07:41:AM |
Project Citation:
Merz, Monika, and Yashiv, Eran. Replication data for: Labor and the Market Value of the Firm. Nashville, TN: American Economic Association [publisher], 2007. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116290V1
Project Description
Summary:
View help for Summary
What role does labor play in firms' market value? We use a production-based asset pricing model with factor adjustment costs and forward-looking agents to explore this question. We posit that the hiring of labor is akin to investment in capital and that the two interact, with the interaction being a crucial determinant of the dynamic behavior of market value. Using aggregate US corporate sector data, we estimate firms' optimal hiring and investment decisions and the consequences for firms' value. (JEL E22, E24, G31, G32, M51)
Scope of Project
JEL Classification:
View help for JEL Classification
G31 Capital Budgeting; Fixed Investment and Inventory Studies; Capacity
G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
H25 Business Taxes and Subsidies including sales and value-added (VAT)
G31 Capital Budgeting; Fixed Investment and Inventory Studies; Capacity
G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
H25 Business Taxes and Subsidies including sales and value-added (VAT)
Related Publications
Published Versions
Report a Problem
Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.
This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.