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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://www.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
Contact details of provider: Postal: Society for Economic Dynamics Christian Zimmermann Economic Research Federal Reserve Bank of St. Louis PO Box 442 St. Louis MO 63166-0442 USA
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  32. Dumas, Bernard, 1991. "Super contact and related optimality conditions," Journal of Economic Dynamics and Control, Elsevier, vol. 15(4), pages 675-685, October.
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  34. Fumio Hayashi, 1981. "Tobin's Marginal q and Average a : A Neoclassical Interpretation," Discussion Papers 457, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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  36. Amy Dittmar, 2008. "Corporate Cash Policy and How to Manage it with Stock Repurchases," Journal of Applied Corporate Finance, Morgan Stanley, vol. 20(3), pages 22-34.
  37. Christopher A. Hennessy & Toni M. Whited, 2007. "How Costly Is External Financing? Evidence from a Structural Estimation," Journal of Finance, American Finance Association, vol. 62(4), pages 1705-1745, 08.
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