Investment, Tobin's q, and Interest Rates
收藏NBER2013-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19327
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资源简介：
We study the impact of stochastic interest rates and capital illiquidity on investment and firm value by incorporating a widely used arbitrage-free term structure model of interest rates into a standard q theoretic framework. Our generalized q model informs us to use corporate credit-risk
提供机构：
美国国家经济研究局
创建时间：
2013-08-01
