The equity-financing channel, the catering channel, and corporate investment: International evidence
We examine how stock market mispricing affects corporate investment in an internationalsetting. We find that investment is more sensitive to stock prices for equity-dependent firms thanfor non-equity-dependent firms in our international sample. Investment is also more sensitive tostock prices for fi...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2017
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1592 https://ink.library.smu.edu.sg/context/soa_research/article/2619/viewcontent/Y_Kusnadi_KW_AFM581069.pdf |
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| Institution: | Singapore Management University |
| Language: | English |