Title of article :
What explainsthelagged-investmenteffect
Author/Authors :
Janice Eberly، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2012
Pages :
11
From page :
370
To page :
380
Abstract :
The bestpredictorofcurrentinvestmentatthefirmlevelislaggedinvestment.This lagged-investmenteffectisempiricallymoreimportantthanthecash-flowand Q effectscombined.Weshowthatthespecificationofinvestmentadjustmentcosts proposedby Christianoetal.(2005) predictsthepresenceofalagged-investmenteffect and thatageneralizedversionoftheirmodelisconsistentwiththebehavioroffirm- level datafromCompustat
Journal title :
Journal of Monetary Economics
Serial Year :
2012
Journal title :
Journal of Monetary Economics
Record number :
846527
Link To Document :
https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=846527
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