Relative Factor Price Changes and Equity Prices
收藏NBER1984-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1449
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资源简介：
This paper suggests that the decline in equity prices, and thus in Tobin's average q, during the 1970s may be attributable to changes in expected relative factor prices. More specifically, q is shown to be a negative function of the extent to which current relative factor price expectations differ
提供机构：
美国国家经济研究局
创建时间：
1984-09-01
