When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms
收藏NBER2002-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8750
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资源简介：
We use a simple model of corporate investment to determine when investment will be sensitive to non-fundamental movements in stock prices. The key cross-sectional prediction of the model is that stock prices will have a stronger impact on the investment of firms that are 'equity dependent' - firms
提供机构：
美国国家经济研究局
创建时间：
2002-01-01
