Corporate Investment and Stock Market Listing: A Puzzle?

We investigate whether short-termism distorts the investment decisions of stock market-listed firms. To do so, we compare the investment behavior of observably similar public and private firms, using a new data source on private U.S. firms and assuming for identification that closely held private fi...

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Bibliographic Details
Published in:The Review of financial studies 2015-02, Vol.28 (2), p.342-390
Main Authors: Asker, John, Farre-Mensa, Joan, Ljungqvist, Alexander
Format: Article
Language:English
Subjects:
2001-2011
Aktiengesellschaft
Ankündigungseffekt
Business investment
Börse
Börsenkurs
Companies
Comparative studies
Decision analysis
Earnings
Identification
Institutional investments
Investitionsentscheidung
Investment decision
Investment policy
Investments
Listed companies
New stock market listings
Prices
Securities markets
Stock exchange
Stock exchanges
Stock prices
U.S.A
USA
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