How Long to Read Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification

How Long Does it Take to Read Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification?

It takes the average reader and 44 minutes to read Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification by Carlos Carvalho

Assuming a reading speed of 250 words per minute. Learn more

Description

Product scope adjustment is a key mechanism through which multi-product firms achieve efficient resource allocations. In this paper, we take a novel perspective to study firms’ product scope adjustment behavior through the lens of asset pricing. Using a unique panel scanner data set containing detailed information on products, matched with the financial information of their manufacturers, we find that multi-product firms with higher product turnover have lower financial risks and lower risk premia. To understand this channel, we propose a stylized model with a time-dependent (Calvo-type) product turnover rate to highlight the ’risk absorption channel’ of product scope adjustment. In response to an economy-wide shock, a firm that can adjust its product scope more flexibly shows lower excess equity returns and lower asset volatility.

How long is Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification?

Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification by Carlos Carvalho is 44 pages long, and a total of 11,176 words.

This makes it 15% the length of the average book. It also has 14% more words than the average book.

How Long Does it Take to Read Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 1 minute to read Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification aloud.

What Reading Level is Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification?

Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification?

Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification by Carlos Carvalho is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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