Capital Budgeting vs. Market Timing: An Evaluation Using Demographics
收藏NBER2009-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15184
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资源简介：
An ongoing debate sets capital budgeting against market timing. The primary difficulty in evaluating these theories is finding distinct exogenous proxies for investment opportunities and mispricing. We use demand shifts induced by demographics to address this problem, and hence, provide a more
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美国国家经济研究局创建时间：
2009-07-01
