Buyout Activity: The Impact of Aggregate Discount Rates
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下载链接：
https://www.nber.org/papers/w22414
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资源简介：
Buyout booms form in response to declines in the aggregate risk premium. We document that the equity risk premium is the primary determinant of buyout activity rather than credit-specific conditions. We articulate a simple explanation for this phenomenon: a low risk premium increases the present
提供机构：
美国国家经济研究局
创建时间：
2016-07-01
