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Do Investors Forecast Fat Firms? Evidence from the Gold Mining Industry

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NBER1999-04-01 更新2025-01-04 收录
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Conventional economic theory assumes that firms always minimize costs given the output they produce. News articles and interviews with executives, however, indicate that firms from time to time engage in cost-cutting exercises. One popular belief is that firms cut costs when they are in economic

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1999-04-01
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