R. Glenn Hubbard

Capital-Market Imperfections and Investment

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.

Source: Journal of Economic Literature
Exact Citation:
Hubbard, R. Glenn. "Capital-Market Imperfections and Investment." Journal of Economic Literature 36, no. 1 (March 1998): 193-225.
Volume: 36
Number: 1
Pages: 193-225
Date: 3 1998