Real and Financial Industry Booms and Busts
收藏NBER2008-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14290
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资源简介：
We examine how product market competition affects firm cash flows and stock returns in industry booms and busts. In competitive industries, we find that high industry-level stock-market valuation, investment and new financing are followed by sharply lower operating cash flows and abnormal stock
提供机构：
美国国家经济研究局
创建时间：
2008-08-01
