Investment and Value: A Neoclassical Benchmark
收藏数据链接：
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
