Information Aggregation, Investment, and Managerial Incentives
收藏NBER2011-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17330
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资源简介：
We study the interplay of share prices and firm decisions when share prices aggregate and convey noisy information about fundamentals to investors and managers. First, we show that the informational feedback between the firm's share price and its investment decisions leads to a systematic premium in
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美国国家经济研究局创建时间：
2011-08-01
