Stock Prices and IPO Waves
收藏NBER2003-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9858
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资源简介：
We develop a model of stock valuation and optimal IPO timing when investment opportunities are time-varying. IPO waves in our model are caused by declines in expected returns, increases in expected profitability, or increases in prior uncertainty about average profitability. The model predicts that
提供机构：
美国国家经济研究局
创建时间：
2003-07-01
