Paper millionaires: How valuable is stock to a stockholder who is restricted from selling it?
收藏NBER2002-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8969
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资源简介：
Many firms have stockholders who face severe restrictions on their ability to sell their shares and diversify the risk of their personal wealth. We study the costs of these liquidity restrictions on stockholders using a continuous-time portfolio choice framework. These restrictions have major
提供机构：
美国国家经济研究局
创建时间：
2002-05-01
