Do Stock Prices Influence Corporate Decisions? Evidence from the Technology Bubble
收藏数据链接：
官方服务：
资源简介：
Do firms issue stock when prices seem irrationally high? Do they invest or save the proceeds from the sale of overvalued stocks? Is value created or destroyed in the process? This paper uses a novel identification strategy to tackle these questions. We examine the capital investment, stock issuance,
提供机构：
美国国家经济研究局创建时间：
2007-11-01
