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The article deals with the psychological determinants of investment decisions made by an individual investor on the … the context of capital investment. The results of the nationwide survey of 564 individual investors are based on analyses …
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We examine whether capital flows more to high Tobin's q industries and find that it flows more to high q industries from 1971 until 1996 but not from 1997 to 2014. This change is due to a decrease in the q-sensitivity of equity funding resulting mostly from the increased q-sensitivity of...
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