Credit Constraints and Stock Price Volatility
收藏NBER2007-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13089
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资源简介：
This paper addresses how creditor protection affects the volatility of stock market prices. Credit protection reduces the probability of oscillations between binding and non-binding states of the credit constraint; thereby lowering the rate of return variance. We test this prediction of a Tobin's q
提供机构：
美国国家经济研究局
创建时间：
2007-05-01
