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A unified theory of Tobin's q, corporate investment, financing, and risk management

  • Neng Wang

    (Columbia, NBER, and SOF, SHUFE)

  • Hui Chen

    (MIT)

  • Patrick Bolton

    (Columbia, CEPR, NBER)

management and derivatives play in risk management.

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File URL: https://economicdynamics.org/meetpapers/2010/paper_609.pdf
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Paper provided by Society for Economic Dynamics in its series 2010 Meeting Papers with number 609.

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Date of creation: 2010
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Handle: RePEc:red:sed010:609
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Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA

Web page: http://www.EconomicDynamics.org/
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  27. Fritz Foley, C. & Hartzell, Jay C. & Titman, Sheridan & Twite, Garry, 2007. "Why do firms hold so much cash? A tax-based explanation," Journal of Financial Economics, Elsevier, vol. 86(3), pages 579-607, December.
  28. Myers, Stewart C. & Majluf, Nicolás S., 1945-, 1984. "Corporate financing and investment decisions when firms have information that investors do not have," Working papers 1523-84., Massachusetts Institute of Technology (MIT), Sloan School of Management.
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