Search Results

No results found.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Stevens, Michael 

Working Paper
The Long and Short of It : Do Public and Private Firms Invest Differently?

Using data from U.S. corporate tax returns, which provide a sample representative of the universe of U.S. corporations, we investigate the differential investment propensities of public and private firms. Re-weighting the data to generate observationally comparable sets of public and private firms, we find robust evidence that public firms invest more overall, particularly in R&D. Exploiting within-firm variation in public status, we find that firms dedicate more of their investment to R&D following IPO, and reduce these investments upon going private. Our findings suggest that public stock ...
Finance and Economics Discussion Series , Paper 2018-068

FILTER BY Content Type

FILTER BY Author

Edgerton, Jesse 1 items

Feldman, Naomi E. 1 items

Kawano, Laura 1 items

Patel, Elena 1 items

Rao, Nirupama 1 items

show more (1)

FILTER BY Jel Classification

G31 1 items

G34 1 items

FILTER BY Keywords

PREVIOUS / NEXT