摘要 : © 2023We examine the interaction between equity returns and firms’ financing policies in a stochastic Ramsey model with heterogeneous firms. Motivated by empirical evidence, firms maintain stationary financial leverage ratios by i... 展开
作者 | Claassen B. Dam L. Heijnen P. |
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作者单位 | |
期刊名称 | 《The North American journal of economics and finance》 |
页码/总页数 | 1.1-1.18 / 18 |
语种/中图分类号 | 英语 / F |
关键词 | Capital asset pricing model Dynamic asset pricing Leverage Return predictability Stochastic Ramsey model |
DOI | 10.1016/j.najef.2023.101992 |
馆藏号 | f-183 |