Asset Returns, Discount Rate Changes and Market Efficiency
收藏NBER1984-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1530
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资源简介：
The primary purpose of this paper is to reconcile the previous findings of discount rate endogeneity with the presence of discount rate announcement effects in securities markets. The crux of this reconciliation is the dictinction between "technicral" discount rate changes that are endogenous and
提供机构：
美国国家经济研究局
创建时间：
1984-12-01
