Investors' Time Horizon and the Inefficiency of Capital Markets

I. Introduction, 187.—II. The monopoly problem 189.—III. Monopolistic value maximization, 195.—IV. Some remarks on financial uncertainty, 202.—V. Conclusion, 204.

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Bibliographic Details
Published in:The Quarterly journal of economics 1978-05, Vol.92 (2), p.187-208
Main Author: Mayshar, Joram
Format: Article
Language:English
Subjects:
Capital investments
Economic models
Economic uncertainty
Financial investments
Investment horizon
Investment return rates
Investors
Shareholders
Stock markets
Two period model
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Description
Summary:I. Introduction, 187.—II. The monopoly problem 189.—III. Monopolistic value maximization, 195.—IV. Some remarks on financial uncertainty, 202.—V. Conclusion, 204.
ISSN:0033-5533
1531-4650
DOI:10.2307/1884158