Financial Frictions, Investment and Tobin's q
收藏NBER2007-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13092
下载链接
链接失效反馈官方服务：
资源简介：
We develop a model of investment with financial constraints and use it to investigate the relation between investment and Tobin's q. A firm is financed partly by insiders, who control its assets, and partly by outside investors. When their wealth is scarce, insiders earn a rate of return higher than
提供机构：
美国国家经济研究局创建时间：
2007-05-01
