Inefficient Investment Waves. These investment waves are not. E22,e32,e61 abstract we develop a dynamic model of trading and.
Unverifiable idiosyncratic investment opportunities imply. E22,e32,e61 abstract we develop a dynamic model of trading and. We develop a dynamic model of trading and investment with limited aggregate resources to study investment cycles.
Academic Journals Publication Date 01/03/2016 Econometrica Publication Authors Zhiguo He Peter Kondor Zhiguo He And Peter Kondor (2016), Inefficient Investment Waves,.
18217 july 2012 jel no. Unverifiable idiosyncratic investment opportunities imply. Financially constrained firms decide on the level of their liquid resources.
E22,E32,E61 Abstract We Develop A Dynamic Model Of Trading And.
Author (s) zhiguo he, péter kondor issn/isbn 10.3982/ecta11788 We show that firms' individually optimal liquidity management results in socially inefficient boom‐and‐bust patterns. Inefficient investment waves (with zhiguo he)econometrica vol.
These Investment Waves Are Not.
These investment waves are not.
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Financially Constrained Firms Decide On The Level Of Their.
Financially constrained firms decide on the level of their liquid resources. Financially constrained firms decide on the level of their liquid resources. Academic journals publication date 01/03/2016 econometrica publication authors zhiguo he peter kondor zhiguo he and peter kondor (2016), inefficient investment waves,.
Author (S) Zhiguo He, Péter Kondor Issn/Isbn 10.3982/Ecta11788
Our evidences are consistent with. We show that firms' individually optimal liquidity management results in socially inefficient boom‐and‐bust patterns. E22,e32,e61 abstract we develop a dynamic model of trading and.
We Develop A Dynamic Model Of Trading And Investment With Limited Aggregate Resources To Study Investment Cycles.
Financially constrained firms decide on the level of their liquid resources. Inefficient investment waves (with zhiguo he)econometrica vol. Unverifiable idiosyncratic investment opportunities imply market prices to play a role of rent distribution, distorting private investment incentives from a social point of view.
Firms' Liquidity Management Decisions Generate Simultaneous Waves In Aggregate Cash Holdings And Investment, Even If Technology Remains Constant.
We develop a dynamic model of trading and investment with limited aggregate resources to study investment cycles. Firms' liquidity management decisions generate simultaneous waves in aggregate cash holdings and investment, even if technology remains constant. These investment waves are not.
Financially Constrained Firms Decide On The Level Of Their Liquid Resources.
Unverifiable idiosyncratic investment opportunities imply. Academic journals publication date 01/03/2016 econometrica publication authors zhiguo he peter kondor zhiguo he and peter kondor (2016), inefficient investment waves,. These investment waves are not.