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The Analytics of Investment, q, and Cash Flow

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NBER2015-09-01 更新2025-01-04 收录
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In this paper I analyze the relationships among investment, q, and cash flow in a tractable stochastic model in which marginal q and average q are identically equal. After analyzing the impact of changes in the distribution of the marginal operating profit of capital, I extend the model to include

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2015-09-01
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