Description: Please refer to the section BELOW (and NOT ABOVE) this line for the product details - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Title:Equity Market Misvaluation, Financing, And InvestmentISBN13:9781503231238ISBN10:1503231232Author:Federal Reserve Board (Author)Description:(This is a RePrint) - We Quantify How Much Nonfundamental Movements In Stock Prices Affect Firm Decisions We Estimate A Dynamic Investment Model In Which Firms Can Finance With Equity Or Cash (Net Of Debt) Misvaluation Affects Equity Values, And Firms Optimally Issue And Repurchase Overvalued And Undervalued Shares The Funds Flowing To And From These Activities Come From Either Investment, Dividends, Or Net Cash The Model Fits A Broad Set Of Data Moments In Large Heterogeneous Samples And Across Industries Firms Respond To Misvaluation By Adjusting Financing More Than By Adjusting Investment Managers' Rational Responses To Misvaluation Increase Shareholder Value By Up To 8% Binding:Paperback, PaperbackPublisher:Createspace Independent Publishing PlatformPublication Date:2014-11-15Weight:0.32 lbsDimensions:0.11'' H x 11.02'' L x 8.5'' WNumber of Pages:52Language:English
Price: 16.37 USD
Location: USA
End Time: 2025-01-06T14:51:00.000Z
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Book Title: Equity Market Misvaluation, Financing, and Investment
Number of Pages: 50 Pages
Language: English
Publisher: CreateSpace
Topic: General
Item Height: 0.1 in
Publication Year: 2014
Genre: Business & Economics
Item Weight: 6.4 Oz
Item Length: 11 in
Author: Federal Reserve Federal Reserve Board
Item Width: 8.5 in
Format: Trade Paperback
