Asset Specificity

Understanding Nonfinancial Firms

Asset Specificity and Implications

Work by Amir Kermani and Yueran Ma

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Data on Asset Liquidation Values

Data Collection
Data Download

Determinants

Physical Attributes
Economic Conditions

Investment Irreversibility

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Impact of Intangible Assets

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Debt Contracts

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Asset Specificity - Understanding Nonfinancial Firms