Firms' Perceived Cost of Capital
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https://www.nber.org/papers/w32611
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We analyze firms perceptions of their cost of capital using hand-collected data. We show that firms with a higher perceived cost of capital invest less and earn higher returns on invested capital, suggesting that the perceived cost of capital determines the long-run allocation of capital. In
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美国国家经济研究局创建时间：
2024-06-01
