Does Firm-specific Information in Stock Prices Guide Capital Allocation?
收藏NBER2001-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w8093
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We show that firms in industries in which firm-specific stock price variation is larger use more external financing and allocate capital with greater precision in the sense that their marginal q ratios are closer to one. According to the Efficient Markets Hypothesis, greater firm-specific stock
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美国国家经济研究局创建时间：
2001-01-01
