Macro Shocks and Firm-Level Response Heterogeneity
收藏NBER2025-06-01 更新2025-06-28 收录
下载链接：
https://www.nber.org/papers/w33929
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资源简介：
Macro shocks produce high dispersion in firm-level equity returns, sales growth, and other outcomes. We show that this dispersion reflects observable differences in business characteristics. To do so, we combine firm-level returns on stock market ``jump" days with text about business risks in prior
提供机构：
美国国家经济研究局
创建时间：
2025-06-01
