Vintage Organization Capital
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资源简介：
We study 114 years of U.S. stock market data and find That there are large cohort effects in stock prices, effects that we label 'organization capital,' That cohort effects grew at a rate of 1.75% per year, That the debt-equity ratio of all vintages declined, That three big technological waves took
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美国国家经济研究局创建时间：
2001-03-01
