The equity-financing channel, the catering channel, and corporate investment: International evidence
We examine how stock market mispricing affectscorporate investment in an international setting. We find that investment ismore sensitive to stock prices for equity-dependent firms than for non-equity-dependentfirms in our international sample. Investment is also more sensitive to stockprices for fir...
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| Main Authors: | , |
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| 格式: | text |
| 語言: | English |
| 出版: |
Institutional Knowledge at Singapore Management University
2017
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| 在線閱讀: | https://ink.library.smu.edu.sg/soa_research/1667 https://ink.library.smu.edu.sg/context/soa_research/article/2694/viewcontent/Investment2017.pdf |
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