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The cross-sectional effect of inflation on corporate investment and employment

✍ Scribed by Moon K. Kim; Chunchi Wu

Book ID
105562487
Publisher
Springer US
Year
1993
Tongue
English
Weight
850 KB
Volume
3
Category
Article
ISSN
0924-865X

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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,