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~institution:"Society for Economic Dynamics - SED"
~isPartOf:"2006 Meeting Papers"
~subject:"value premium"
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Firms' Heterogeneous Sensitivities to the Business Cycle, and the Cross-Section of Expected Returns
Gourio, Francois
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Society for Economic Dynamics - SED
-
2006
sensitive to aggregate shocks, i.e. to the business cycle. Since the wage is smoother than
productivity
, revenues are more …
Persistent link: https://www.econbiz.de/10005051202
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