Organization Capital and the Cross-Section of Expected Returns

By Andrea L. Eisfeldt, Dimitris Papanikolaou. 2013

765 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/73e4eaaf05952e1771c473dcbc0f4e2379d40c87

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. A. Donangelo
2. Chen Xue
3. Kewei Hou
4. Lu Zhang
5. Mostafa Monzur Hasan
6. Baolian Wang
7. A. Cheung
8. R. Peters

In Finance

1. A. Donangelo
2. Chen Xue
3. Kewei Hou
4. Lu Zhang
5. Baolian Wang
6. A. Cheung
7. R. Peters
8. Mostafa Monzur Hasan

In Strategy and Management

1. A. Donangelo
2. Kewei Hou
3. Chen Xue
4. Lu Zhang
5. Mostafa Monzur Hasan
6. Baolian Wang
7. A. Cheung
8. R. Peters

Citations in the corpus

• Cash holdings and labor heterogeneity:the role of skilled labor (2017, neutral): “…follow the economics literature (Lev and Radhakrishnan 2005; Corrado, Hulten, and Sichel 2009; Corrado and Hulten 2010) and recent finance research (Eisfeldt and Papanikolaou 2013; Falato, Kadyrzhanova, and Sim 2013; Peters and Taylor 2017) and employ a more comprehensive measure of intangible…”
• Organization capital and firm life cycle (2018, methodology): “The findings of Eisfeldt and Papanikolaou (2013) that low OC/TA firms have higher investment rates in physical capital (12.6% vs. 10.1”
• Trade credit and supplier competition (2019, neutral): “, Eisfeldt and Papanikolaou (2013)). (16)We obtain similar results if we use a fixed depreciation rate for all industries and years – 15% as in Hall, Jaffe and Trajtenberg (2005), 20% as in Hirshleifer, Hsu and Li (2013), as well as other rates ranging from 10% to 30%.”
• The cash conversion cycle spread (2019, methodology): “OrgCap is the capitalized SG&A expenses measure proposed by Eisfeldt and Papanikolaou (2013).”
• Working Remotely and the Supply-Side Impact of COVID-19 (2020, neutral): “That said, Eisfeldt and Papanikolaou (2013) focus on within-industry differences, whereas these results reflect between-industry patterns.”
• Why Have Measures of Earnings Quality Changed Over Time (2014, methodology): “I use SG&A intensity as a proxy for intangible intensity because firms typically expense in-house intangible expenditures through SG&A accounts (Banker et al., 2011; Eisfeldt and Papanikolaou, 2013).”
• Cash holdings and employee welfare (2013, neutral): “This loss of valuable employees can hurt firms’ competitiveness through the unwanted dissemination of proprietary information to rivals (Brown and Petersen, 2011) and, more generally, a loss in firms’ organizational capital (Eisfeldt and Papanikolaou, 2013).”