Rational Capital Budgeting in an Irrational World
收藏NBER1996-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5496
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资源简介：
This paper addresses the following basic capital budgeting question: Suppose that cross-sectional differences in stock returns can be predicted based on variables other than beta (e.g., book-to- market), and that this predictability reflects market irrationality rather than compensation for
提供机构：
美国国家经济研究局
创建时间：
1996-03-01
