Selection versus Talent Effects on Firm Value
收藏NBER2018-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24672
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资源简介：
Measuring the value of labor-market hires for stock prices, be it underwriters when firms go public (IPOs) or chief executive officers (CEOs), is difficult due to selection. Opaque firms with higher costs of capital benefit more from prestigious underwriters, while productive firms benefit more from
提供机构：
美国国家经济研究局
创建时间：
2018-06-01
