Date of Award
Master of Science (MS)
Economics and Finance
Does the market matter for more than investment? by Jason Smith examines how themultiple effects of the market (through stock prices) can affect a corporation. The mainfindings are that low stock prices precede lower costs and lower investments. The maininnovation of this work is showing that the market can matter for more than a simpleinvestment. Low stock prices imply that the market may disagree with investment and leadthe manager to reduce costs. This result does not appear to be driven by financial constraints.
Zhang, Yiwei, "Does The Market Matter for More Than Investment?" (2016). All Graduate Plan B and other Reports. 777.
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