Capital Reallocation

Andrea L. Eisfeldt, Yu Shi

NBER Working Paper No. 25085
Issued in September 2018

---- Acknowledgments ----

We would like to thank Deborah Lucas, Briana Chang, Wei Cui, Joel David, Matthias Kehrig, Huiyu Li, Benjamin Moll, Adriano Rampini and David Zeke for helpful conversations and comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Andrea L. Eisfeldt ----

I have a long-term consulting relationship with AQR.

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