Zobrazeno 1 - 10
of 20
pro vyhledávání: '"Miao Ben Zhang"'
Publikováno v:
Journal of Financial Economics. 145:706-724
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
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
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:
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
Autor:
Miao Ben Zhang, Michael Simkovic
Publikováno v:
SSRN Electronic Journal.
This paper uses occupational employment and wage data for over 270 industries from 1990 to 2017 to estimate the percentage of an industry’s annual labor costs paid to perform regulation-related tasks. We hypothesize that this measure reflects the i