DC Field | Value | Language |
---|---|---|
dc.contributor.advisor | Kang, Jangkoo | - |
dc.contributor.advisor | 강장구 | - |
dc.contributor.author | Bae, Jaewan | - |
dc.date.accessioned | 2023-06-21T19:32:59Z | - |
dc.date.available | 2023-06-21T19:32:59Z | - |
dc.date.issued | 2023 | - |
dc.identifier.uri | http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=1032130&flag=dissertation | en_US |
dc.identifier.uri | http://hdl.handle.net/10203/307797 | - |
dc.description | 학위논문(박사) - 한국과학기술원 : 경영공학부, 2023.2,[iv, 125 p. :] | - |
dc.description.abstract | This dissertation includes four essays on labor and stock returns. The first study shows that firms with low labor turnover have higher stock returns because they are more exposed to aggregate risk. The second study measures a firm’s human capital quality embedded in the organization capital and confirms that firms with a higher quality of human capital generate higher stock returns. The third study proposes a measure of the hiring rate in excess of that implied by investment rates, named excess hiring rates, and reveals that firms with high excess hiring rates earn higher risk-adjusted returns. The last study documents the role of aggregate recruiting intensity in asset prices by showing that stocks whose returns are more sensitive to aggregate recruiting intensity have higher returns. | - |
dc.language | eng | - |
dc.publisher | 한국과학기술원 | - |
dc.subject | Human capital▼aStock returns▼aAsset prices▼aCorporate investment▼aLabor market | - |
dc.subject | 인적 자본▼a주식 수익률▼a자산 가격▼a기업 투자▼a노동 시장 | - |
dc.title | Essays on labor and stock returns | - |
dc.title.alternative | 인적 자본과 주식 수익률에 관한 연구 | - |
dc.type | Thesis(Ph.D) | - |
dc.identifier.CNRN | 325007 | - |
dc.description.department | 한국과학기술원 :경영공학부, | - |
dc.contributor.alternativeauthor | 배재완 | - |
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