points, of which approximately 77% is from the reduction in total factor productivity growth, 21% is from slower labor growth …-level total factor productivity, and the transmission mechanisms are reduced human capital investment and a tightened financial …

We develop a theory linking "misallocation," i.e., dispersion in marginal products of capital (MPK), to macroeconomic … productivity by as much as 6%, suggesting large "productivity costs" of business cycles. …

firms have to learn their productivity. We match our model with the salient features of the data and show that our model …

This paper studies the long-term effect of hedge fund activism on the productivity of target firms using plant … and expected returns, we show how changes to target firms’ productivity are associated with a decline in systemic risk …

This paper studies the long-term effect of hedge fund activism on the productivity of target firms using plant …'s business strategy. We also find that plants sold post-intervention exhibit a significant improvement in productivity under new … increase in labor productivity. Additional tests refute alternative explanations that attribute the improvement to mean …

This paper studies the long-term effect of hedge fund activism on the productivity of target firms using plant …'s business strategy. We also find that plants sold post-intervention exhibit a significant improvement in productivity under new … increase in labor productivity. Additional tests refute alternative explanations that attribute the improvement to mean …

This paper studies the long-term effect of hedge fund activism on the productivity of target firms using plant …'s business strategy. We also find that plants sold post-intervention exhibit a significant improvement in productivity under new … increase in labor productivity. Additional tests refute alternative explanations that attribute the improvement to mean …

The degree of uncertainty in a worker's productivity is affected by many factors, such as worker-employer matching …, technology, and macroeconomic conditions. Not surprisingly, uncertainty in labor productivity (ULP) varies across firms …