Catering Through Nominal Share Prices
收藏NBER2008-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13762
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资源简介：
We propose and test a catering theory of nominal stock prices. The theory predicts that when investors place higher valuations on low-price firms, managers will maintain share prices at lower levels, and vice-versa. Using measures of time-varying catering incentives based on valuation ratios, split
提供机构：
美国国家经济研究局
创建时间：
2008-01-01
