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The Bright Side of Corporate Diversification: Evidence from Internal Labor Markets

We document differences in human-capital deployment between diversified and focused firms. We find that diversified firms have higher labor productivity and that they redeploy labor to industries with better prospects in response to changing opportunities. The opportunities and incentives provided i...

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Detalles Bibliográficos
Autores principales: Tate, Geoffrey, Yang, Liu
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Oxford University Press 2015
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4762155/
https://www.ncbi.nlm.nih.gov/pubmed/26924889
http://dx.doi.org/10.1093/rfs/hhv012