Costly External Finance: Implications for Capital Markets Anomalies
收藏NBER2008-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14342
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资源简介：
In a frictionless world, investment is perfectly elastic to changes in the discount rate. With financial frictions, investment is less elastic, meaning that a given magnitude of change in investment is associated with a higher magnitude of change in the discount rate. Equivalently, investment is a
提供机构：
美国国家经济研究局
创建时间：
2008-09-01
