Learning and the Value of the Firm
收藏NBER1990-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3480
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资源简介：
The paper studies under what conditions the value of the firm occasionally increases for a while before it suddenly drops, like a "bubble". We consider the environment where the trend of net cash flow from a firm's production depends on uncertain quality of a manager, and the manager is occasionally
提供机构：
美国国家经济研究局
创建时间：
1990-10-01
