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A Unified Theory of Tobin's q, Corporate Investment, Financing, and Risk Management

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NBER2009-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14845
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This paper proposes a simple homogeneous dynamic model of investment and corporate risk management for a financially constrained firm. Following Froot, Scharfstein, and Stein (1993), we define a corporation's risk management as the coordination of investment and financing decisions. In our model,
提供机构:
美国国家经济研究局
创建时间:
2009-04-01
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