Did ACRS Really Cause Stock Prices to Fall?
收藏NBER1989-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2990
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资源简介：
This paper tests the hypothesis that the introduction of the Accelerated Cost Recovery System in 1981 caused a reduction in stock prices by reducing the value of existing capital. A second hypothesis that these depreciation changes benefited firms by increasing the return from new investment is also
提供机构：
美国国家经济研究局
创建时间：
1989-05-01
