The Effect of the Growth in Labor Hours Per Worker on Future Stock Returns, Hiring and Profitability

A high growth rate in labor hours per worker signals low future stock market returns and high future hiring. In the presence of an increase in the number of labor hours per worker, hiring becomes less responsive to the future discount rate. The growth rate in the number of labor hours per worker does not appear to be related to future profitability

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Year of publication:	2016
Authors:	Gu, Li
Other Persons:	Huang, Dayong (contributor)
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Kapitaleinkommen \| Capital income \| Arbeitszeit \| Working time \| Schätzung \| Estimation

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Extent:	1 Online-Ressource (46 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Review of Finance, Forthcoming Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 29, 2016 erstellt
Other identifiers:	10.2139/ssrn.2669452 [DOI]
Classification:	G12 - Asset Pricing
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013003352