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Yee, Kenton K. - In: The journal of law & economics 48 (2005) 2, pp. 517-548

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The market for shares of companies with unlimited liability : the case of American Express

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Firm Investment and Price Informativeness

Schneemeier, Jan - 2015

I theoretically investigate how the informational content of stock prices is affected by the structure of firms' capital investment decisions. The efficiency of stock prices is determined by the weight firms attach to private information and by the extent to which investment is predictable. Both...

Persistent link: https://www.econbiz.de/10013012851