Investment and The Cross-Section of Equity Returns
收藏NBER2015-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21064
下载链接
链接失效反馈官方服务：
资源简介：
We confront the one-factor production-based asset pricing model with the evidence on firm-level investment, to uncover that it produces implications for the dynamics of capital that are seriously at odds with the evidence. The data shows that, upon being hit by adverse profitability shocks, large
提供机构：
美国国家经济研究局
创建时间：
2015-04-01
