Abstract

Examines the correlation between investments and proxies for changes in net worth or internal funds and the importance of this correlation for firms likely to face information related capital-market imperfections. Developments and challenges in empirical research; Analytical underpinnings of models of capital market imperfections; Model's application to investment activities.

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Citation

Hubbard, R. Glenn. "Capital-Market Imperfections and Investment." Journal of Economic Literature 36, no. 1 (March 1998): 193-225.

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