Bird, Ron; Menzies, Gordon; Dixon, Peter; Rimmer, Maureen - Finance Discipline Group, Business School - 2009
Stock mispricing can lead to misallocation and wastage of capital both inter-temporally and across sectors. The USAGE model for the United States is used to quantify economic costs under a number of mispricing scenarios, made operational by shocking Tobin’s q. A two-year Communications and...