Do Stock Price Bubbles Influence Corporate Investment?
收藏NBER2004-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10537
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资源简介：
Building on recent developments in behavioral asset pricing, we develop a model in which dispersion of investor beliefs under short-selling constraints drives a firm's stock price above its fundamental value. Managers optimally respond to the stock market bubble by issuing new equity. The bubble
提供机构：
美国国家经济研究局
创建时间：
2004-06-01
