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Matching Capital and Labor

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NBER2014-05-01 更新2025-01-04 收录
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We establish an important role for the firm by studying capital reallocation decisions of mutual fund firms. At least 30% of the value mutual fund managers add can be attributed to the firm's role in efficiently allocating capital amongst its mutual fund managers. We find no evidence of a similar

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2014-05-01
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