Stock Prices and IPO Waves
收藏NBER2003-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9858
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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
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美国国家经济研究局创建时间：
2003-07-01
