Do Short-Term Managerial Objectives Lead to Under- or Over-Investment in Long-Term Projects
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下载链接：
https://www.nber.org/papers/t0098
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资源简介：
This paper studies managerial decisions about investment in long-run projects in the presence of imperfect information (the market knows less about such investments than the firm's managers) and short-term managerial objectives (the managers are concerned about the short-term stock price as well as
提供机构：
美国国家经济研究局
创建时间：
1994-05-01
