Matches in SemOpenAlex for { <https://semopenalex.org/work/W2890765141> ?p ?o ?g. }
Showing items 1 to 80 of
80
with 100 items per page.
- W2890765141 abstract "An ongoing debate sets capital budgeting against market timing. The primary difficulty in evaluating these theories is finding distinct exogenous proxies for investment opportunities and mispricing. We use demand shifts induced by demographics to address this problem, and hence, provide a more definitive analysis of the theories. According to capital budgeting, industries anticipating positive demand shifts in the near future should issue more equity (and debt) to finance additional capacity. To the extent that demographic shifts in the more distant future are not incorporated into equity prices, market timing implies that industries anticipating positive demand shifts in the distant future should issue less equity due to undervaluation. We find evidence supporting both capital budgeting and market timing: new listings and equity issuance by existing listings respond positively to demand shifts up to 5 years ahead, and negatively to demand shifts 5 to 10 years ahead." @default.
- W2890765141 created "2018-09-27" @default.
- W2890765141 creator A5042290292 @default.
- W2890765141 creator A5091747589 @default.
- W2890765141 date "2009-07-01" @default.
- W2890765141 modified "2023-09-27" @default.
- W2890765141 title "Capital Budgeting vs. Market Timing: An Evaluation Using Demographics" @default.
- W2890765141 doi "https://doi.org/10.3386/w15184" @default.
- W2890765141 hasPublicationYear "2009" @default.
- W2890765141 type Work @default.
- W2890765141 sameAs 2890765141 @default.
- W2890765141 citedByCount "0" @default.
- W2890765141 crossrefType "report" @default.
- W2890765141 hasAuthorship W2890765141A5042290292 @default.
- W2890765141 hasAuthorship W2890765141A5091747589 @default.
- W2890765141 hasBestOaLocation W28907651412 @default.
- W2890765141 hasConcept C10138342 @default.
- W2890765141 hasConcept C106159729 @default.
- W2890765141 hasConcept C118315980 @default.
- W2890765141 hasConcept C120527767 @default.
- W2890765141 hasConcept C12559387 @default.
- W2890765141 hasConcept C143910263 @default.
- W2890765141 hasConcept C144024400 @default.
- W2890765141 hasConcept C144133560 @default.
- W2890765141 hasConcept C149923435 @default.
- W2890765141 hasConcept C162324750 @default.
- W2890765141 hasConcept C17744445 @default.
- W2890765141 hasConcept C199539241 @default.
- W2890765141 hasConcept C199728807 @default.
- W2890765141 hasConcept C27548731 @default.
- W2890765141 hasConcept C2780084366 @default.
- W2890765141 hasConcept C2993628901 @default.
- W2890765141 hasConcept C556758197 @default.
- W2890765141 hasConcept C94625758 @default.
- W2890765141 hasConceptScore W2890765141C10138342 @default.
- W2890765141 hasConceptScore W2890765141C106159729 @default.
- W2890765141 hasConceptScore W2890765141C118315980 @default.
- W2890765141 hasConceptScore W2890765141C120527767 @default.
- W2890765141 hasConceptScore W2890765141C12559387 @default.
- W2890765141 hasConceptScore W2890765141C143910263 @default.
- W2890765141 hasConceptScore W2890765141C144024400 @default.
- W2890765141 hasConceptScore W2890765141C144133560 @default.
- W2890765141 hasConceptScore W2890765141C149923435 @default.
- W2890765141 hasConceptScore W2890765141C162324750 @default.
- W2890765141 hasConceptScore W2890765141C17744445 @default.
- W2890765141 hasConceptScore W2890765141C199539241 @default.
- W2890765141 hasConceptScore W2890765141C199728807 @default.
- W2890765141 hasConceptScore W2890765141C27548731 @default.
- W2890765141 hasConceptScore W2890765141C2780084366 @default.
- W2890765141 hasConceptScore W2890765141C2993628901 @default.
- W2890765141 hasConceptScore W2890765141C556758197 @default.
- W2890765141 hasConceptScore W2890765141C94625758 @default.
- W2890765141 hasLocation W28907651411 @default.
- W2890765141 hasLocation W28907651412 @default.
- W2890765141 hasOpenAccess W2890765141 @default.
- W2890765141 hasPrimaryLocation W28907651411 @default.
- W2890765141 hasRelatedWork W1427028424 @default.
- W2890765141 hasRelatedWork W1578065830 @default.
- W2890765141 hasRelatedWork W1957295870 @default.
- W2890765141 hasRelatedWork W2053186094 @default.
- W2890765141 hasRelatedWork W2056024478 @default.
- W2890765141 hasRelatedWork W2143386260 @default.
- W2890765141 hasRelatedWork W2144863891 @default.
- W2890765141 hasRelatedWork W2247051418 @default.
- W2890765141 hasRelatedWork W2275566908 @default.
- W2890765141 hasRelatedWork W2529473512 @default.
- W2890765141 hasRelatedWork W2601443630 @default.
- W2890765141 hasRelatedWork W2724540671 @default.
- W2890765141 hasRelatedWork W2794268255 @default.
- W2890765141 hasRelatedWork W2896814171 @default.
- W2890765141 hasRelatedWork W3121154659 @default.
- W2890765141 hasRelatedWork W3121555051 @default.
- W2890765141 hasRelatedWork W3122248988 @default.
- W2890765141 hasRelatedWork W3123548060 @default.
- W2890765141 hasRelatedWork W3124450204 @default.
- W2890765141 hasRelatedWork W3125343792 @default.
- W2890765141 isParatext "false" @default.
- W2890765141 isRetracted "false" @default.
- W2890765141 magId "2890765141" @default.
- W2890765141 workType "report" @default.