Waves in Ship Prices and Investment
收藏NBER2013-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19246
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资源简介：
We study the returns to owning dry bulk cargo ships. Ship earnings exhibit a high degree of mean reversion, driven by industry participants' competitive investment responses to shifts in demand. Ship prices are far too volatile given the mean reversion in earnings. We show that high current ship
提供机构：
美国国家经济研究局
创建时间：
2013-07-01
