Carlin, Bruce Ian; Chowdhry, Bhagwan; Garmaise, Mark J. - In: Journal of Financial Intermediation 21 (2012) 2, pp. 268-286
We study a firm’s investment in organization capital by analyzing a dynamic model of language development and intrafirm … communication. We show that firms with richer internal language (i.e., more organization capital) have lower employee turnover, and … firms in rapidly changing industries are less likely to invest in organization capital, and are more likely to have high …