February Editor’s Choice: Decomposing Firm Value

Written By Toni Whited

ederico Belo, Vito Gala, Juliana Salomao, Maria Ana Vitorinoa

Which factors of production contribute most to firm value?

labor: 14–21%

physical capital: 30–40%

knowledge capital: 20–43%

brand capital 6–25%

Toni Whited
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March Editor’s Choice: The cost of steering in financial markets: Evidence from the mortgage market
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January Editor’s Choice: “Risk-free Interest Rates”