Growth Opportunities, Technology Shocks, and Asset Prices
收藏NBER2012-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17795
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资源简介：
We explore the impact of investment-specific technology (IST) shocks on the crosssection of stock returns. IST shocks reflect technological advances embodied in new capital goods. Using a structural model, we show that IST shocks have a differential effect on the two fundamental components of firm
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美国国家经济研究局创建时间：
2012-01-01
