Essays on Corporate Investment
In the first essay (joint work with Bryan Routledge), we calculate the value implications of suboptimal capital budgeting decisions in an asset-pricing model calibrated to match the standard asset pricing empirical properties in particular, the time-variation in the equity premium. Specifically, we...
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| Format: | Others |
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Research Showcase @ CMU
2015
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| Online Access: | http://repository.cmu.edu/dissertations/514 http://repository.cmu.edu/cgi/viewcontent.cgi?article=1514&context=dissertations |