Breadth of Ownership and Stock Returns
收藏NBER2001-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8151
下载链接
链接失效反馈官方服务：
资源简介：
We develop a model of stock prices in which there are both differences of opinion among investors as well as short-sales constraints. The key insight that emerges is that breadth of ownership is a valuation indicator. When breadth is low i.e., when few investors have long positions in the stock this
提供机构：
美国国家经济研究局
创建时间：
2001-03-01
