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Stock Issues and Investment Policy When Firms Have Information That Investors Do Not Have

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NBER1982-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0884
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This paper describes corporate investment and financing decisions when managers have inside information about the value of the firm's existing investment and growth opportunities, but cannot convey that information to investors. Capital markets are otherwise perfect and efficient. In these
提供机构:
美国国家经济研究局
创建时间:
1982-04-01
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