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Book Cover
E-book
Author Hu, Zuliu, author.

Title Stock market volatility and corporate investment / prepared by Zuliu Hu
Published Washington, D.C. : International Monetary Fund, ©1995

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Description 1 online resource (iii, 18 pages) : illustrations
Series IMF working paper ; 95/102
IMF working paper ; 95/102.
Summary Annotation Despite concerns are often voiced on the so called excess volatility of the stock market, little is known about the implications of market volatility for the real economy. This paper examines whether the stock market volatility affects real fixed investment. the empirical evidence obtained from the US data shows that market volatility has independent effects on investment over and above that of stock returns. Volatility and its changes are negatively related to investment growth. to the extent volatility depresses fixed capital formation and hence future income growth, the results suggest the desirability of reducing stock market volatility
Bibliography Includes bibliographical references (pages 17-18)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
English
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Stocks -- Prices -- Mathematical models
Investments -- Effect of stock exchanges on
Stock exchanges -- Mathematical models
Stock exchanges -- Mathematical models.
Stocks -- Prices -- Mathematical models.
STOCK MARKETS.
INVESTMENTS.
Form Electronic book
Author International Monetary Fund. Research Department, issuing body.
ISBN 1455252433
9781455252435
1462389295
9781462389292
1455226319
9781455226313
128137928X
9781281379283
9786613779694
6613779695