Asset Pricing Implications of Firms' Financing Constraints
收藏NBER2002-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9365
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资源简介：
We incorporate costly external finance in an investment-based asset pricing model and investigate whether financing frictions are quantitatively important for pricing a cross-section of expected returns. We show that common assumptions about the nature of the financing frictions are captured by a
提供机构：
美国国家经济研究局
创建时间：
2002-12-01
