Investor Sentiment and Corporate Finance: Micro and Macro
收藏NBER2005-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11882
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We document that net equity issuance is considerably more sensitive to aggregate stock returns and Q's than to firm-level stock returns and Q's. Very similar patterns also emerge when we look at merger activity. In light of earlier work (Campbell 1991, Vuolteenaho 2002) which finds that aggregate
提供机构:
美国国家经济研究局
创建时间:
2005-12-01



