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Investment choices based on returns and …

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Investment choices based on returns and lag effects

Posted by Narvir Rana 3 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Preeti Dabral 3 years, 4 months ago

The best predictor of current investment at the firm level is lagged investment. This lagged-investment effect is empirically more important than the cash-flow and Q effects combined.

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CBSE > Class 12 > Economics