Agency Conflicts, Investment, and Asset Pricing
收藏NBER2007-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13251
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资源简介：
The separation of ownership and control allows controlling shareholders to pursue private benefits. We develop an analytically tractable dynamic stochastic general equilibrium model to study asset pricing and welfare implications of imperfect investor protection. Consistent with empirical evidence,
提供机构：
美国国家经济研究局
创建时间：
2007-07-01
