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Corporate Investment and Asset Price Dynamics: Implications for SEO Event Studies and Long-Run Performance

✍ Scribed by MURRAY CARLSON; ADLAI FISHER; RON GIAMMARINO

Book ID: 109176288
Publisher: John Wiley and Sons
Year: 2006
Tongue: English
Weight: 276 KB
Volume: 61
Category: Article
ISSN: 0022-1082
DOI: 10.1111/j.1540-6261.2006.00865.x

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📜 SIMILAR VOLUMES

Corporate Investment and Asset Price Dyn

Corporate Investment and Asset Price Dynamics: Implications for the Cross-section of Returns

✍ MURRAY CARLSON; ADLAI FISHER; RON GIAMMARINO 📂 Article 📅 2004 🏛 John Wiley and Sons 🌐 English ⚖ 202 KB

Corporate Investment and Asset Price Dyn

Corporate Investment and Asset Price Dynamics: Implications for the Cross-section of Returns

✍ MURRAY CARLSON; ADLAI FISHER; RON GIAMMARINO 📂 Article 📅 2004 🏛 John Wiley and Sons 🌐 English ⚖ 202 KB

## ABSTRACT We show that corporate investment decisions can explain the conditional dynamics in expected asset returns. Our approach is similar in spirit to Berk, Green, and Naik (1999), but we introduce to the investment problem operating leverage, reversible real options, fixed adjustment costs,