Helwege, Jean (contributor); Liang, Jean Nellie (contributor) - 2000 - [Elektronische Ressource]
business
cycle. When the economy is growing, all firms receive projects with higher expected cash flows, so
asymmetric … different points in the
business cycle, we compute industry-adjusted measures of firm operating performance. The
adjustments … differ in quality, prospects, or types of business. We compare
firms that go public in the two types of markets from 1982 …