Growth vs. Margins: Destabilizing Consequences of Giving the Stock Market What it Wants
收藏NBER2004-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10999
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资源简介：
We develop a multi-tasking model in which a firm can devote its efforts either to increasing sales growth, or to improving per-unit profit margins by, e.g., cutting costs. If the firm's manager is concerned with the current stock price, she will tend to favor the growth strategy at those times when
提供机构：
美国国家经济研究局
创建时间：
2004-12-01
