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Market Conditions and the Structure of Securities

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NBER2009-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14952
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Economic theory, as well as commonly-stated views of practitioners, suggests that market downturns can affect both the ability and manner in which firms raise external financing. Theory suggests that downturns should be associated with a shift toward less information-sensitive securities, as well as
提供机构:
美国国家经济研究局
创建时间:
2009-05-01
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