𝔖 Bobbio Scriptorium
✦   LIBER   ✦

The Corporate Cost of Capital and the Return on Corporate Investment

✍ Scribed by Eugene F. Fama; Kenneth R. French

Book ID
108502896
Publisher
John Wiley and Sons
Year
1999
Tongue
English
Weight
404 KB
Volume
54
Category
Article
ISSN
0022-1082

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πŸ“œ 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 πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 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,