haku: @indexterm RATE OF RETURN / yhteensä: 621
viite: 56 / 621
| Tekijä: | Berk, J. B. Green, R. C. Naik, V. |
| Otsikko: | Optimal investment, growth options, and security returns |
| Lehti: | Journal of Finance
1999 : OCT, VOL. 54:5, p. 1553-1607 |
| Asiasana: | Securities Stock markets Investments Policy Risk Rate of return Models USA |
| Kieli: | eng |
| Tiivistelmä: | As a consequence of optimal investment choices, firm's assets and growth options change in predictable ways. Using a dynamic model, it is shown in this paper that this imparts predictability to changes in a firm's systematic risk, and its expected return. Simulations show results that the model simultaneously reproduces. |
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