๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

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

โœ Scribed by MURRAY CARLSON; ADLAI FISHER; RON GIAMMARINO

Book ID
109176135
Publisher
John Wiley and Sons
Year
2004
Tongue
English
Weight
202 KB
Volume
59
Category
Article
ISSN
0022-1082

No coin nor oath required. For personal study only.

๐Ÿ“œ SIMILAR VOLUMES

Corporate Investment and Asset Price Dyn
Corporate Investment and Asset Price Dynamics: Implications for the Cross-section of Returns
โœ MURRAY CARLSON; ADLAI FISHER; RON GIAMMARINO ๐Ÿ“‚ Article ๐Ÿ“… 2004 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 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,