Investment and Value: A Neoclassical Benchmark
收藏NBER2008-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13866
下载链接
链接失效反馈官方服务：
资源简介：
Which investment model best fits firm-level data? To answer this question we estimate alternative models using Compustat data. Surprisingly, the two best-performing specifications are based on Hayashi's (1982) model. This model's foremost implication, that Q is a sufficient statistic for determining
提供机构：
美国国家经济研究局
创建时间：
2008-03-01
