How Do Large Depreciations Affect Firm Performance?
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This paper examines how 12 'major depreciations' between 1997 and 2000 affected different measures of firm performance in a sample of over 13,500 companies from around the world. Results suggest that in the year after depreciations, firms have significantly higher growth in market capitalization,
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美国国家经济研究局创建时间：
2002-08-01
