Showing 1 - 10 of 12,764
Persistent link: https://www.econbiz.de/10012312117
Persistent link: https://www.econbiz.de/10009738328
Persistent link: https://www.econbiz.de/10012149876
Persistent link: https://www.econbiz.de/10003971594
Persistent link: https://www.econbiz.de/10003384553
Persistent link: https://www.econbiz.de/10013271976
Persistent link: https://www.econbiz.de/10012795130
This paper studies the effect of new fund flows on investment behavior and the resulting equilibrium price of risk. The … Small Fund Industry model shows equilibria with overinvestment in unprofitable and underinvestment in profitable investment … equilibrium. New flow of funds to the asset management industry lead to inefficient investment decisions, mispricing of risk, and …
Persistent link: https://www.econbiz.de/10011389297
Persistent link: https://www.econbiz.de/10011885978
Feedback from stock prices to cash flows occurs because information revealed by firms' stock prices influences the actions of competitors. We explore the implications of feedback within a noisy rational expectations setting with incumbent publicly traded firms and privately held new entrants. In...
Persistent link: https://www.econbiz.de/10012459278