Zobrazeno 1 - 10
of 113
pro vyhledávání: '"Miao Ben Zhang"'
Publikováno v:
Journal of Financial Economics. 145:706-724
Autor:
Trebbi, Francesco, Miao Ben Zhang
Publikováno v:
NBER Working Papers; Nov2022, Issue 30630-30680, Preceding p1-72, 74p
Publikováno v:
SSRN Electronic Journal.
Autor:
Miao Ben Zhang, Selale Tuzel
Publikováno v:
The Journal of Finance. 76:3347-3399
Do investment tax incentives improve job prospects for workers? We explore states' adoption of a major federal tax incentive that accelerates the depreciation of equipment investments for eligible firms but not for ineligible ones. Analyzing massive
Publikováno v:
SSRN Electronic Journal.
Autor:
Miao Ben Zhang
Publikováno v:
The Journal of Finance. 74:1793-1839
This paper studies the asset pricing implications of a firm's opportunities to replace routine‐task labor with automation. I develop a model in which firms optimally undertake such replacement when their productivity is low. Hence, firms with routi
Publikováno v:
NBER Working Papers; 6/10/2019, Preceding p1-40, 41p
Publikováno v:
SSRN Electronic Journal.
Using data over the last century, we show that the cross-sectional relation between investment and profitability among U.S. public firms is positive in the first half-century but negative in the recent four decades. The negative fundamental relation