D92 - Intertemporal Firm Choice and Growth, Financing, Investment, and Capacity

• Uncertainty and the Specificity of Human Capital

  Staff Working Paper 2007-57 Martin Gervais, Igor Livshits, Césaire Meh

  This paper studies the choice between general and specific human capital. A trade-off arises because general human capital, while less productive, can easily be reallocated across firms.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Economic models JEL Code(s): D, D9, D92, J, J2, J24, J4, J41, J6, J62

• Financial Market Imperfection, Overinvestment, and Speculative Precaution

  Staff Working Paper 2004-27 Christian Calmès

  The author uses panel data to assess the sensitivity of investment to cash flow in non-financial firms, taking into account the role their financial health plays in investment decisions.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Business fluctuations and cycles JEL Code(s): D, D9, D92, E, E2, E22, E4, E44, G, G3, G33