Does the Stock Market Make Firms More Productive?
收藏NBER2017-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24102
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资源简介：
We test the hypothesis that greater stock price informativeness (SPI) leads to higher firm-level productivity (TFP). Management, directly or indirectly, learns more from more informative stock prices, so that more informative stock prices should make firms more productive. We find a positive
提供机构：
美国国家经济研究局
创建时间：
2017-12-01
