Capital and Labor Reallocation within Firms
We document how a positive shock to investment opportunities at one plant (“treated plant”) spills over to other plants within the same firm, but only if the firm is financially constrained. To provide the treated plant with resources, the firm's headquarters withdraws capital and labor from ot...
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
American Finance Association/Wiley
2015
|
| Online Access: | http://hdl.handle.net/1721.1/98841 https://orcid.org/0000-0002-4620-4151 |