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Tobin’s [Formula: see text] and corporate investment with a pandemic shock()

We analyze the impact of COVID-19 on investment by incorporating a stochastic transmission shock into the standard [Formula: see text] theoretical framework. Our model suggests that the adjustment cost amplifies the negative pandemic shock to investment and decreases firm value. In particular, when...

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Detalles Bibliográficos
Autores principales:	Li, Shilin, Li, Tongtong, Yang, Jinqiang, Zhao, Siqi
Formato:	Online Artículo Texto
Lenguaje:	English
Publicado:	Elsevier B.V. 2021
Materias:	Article
Acceso en línea:	https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8554485/ https://www.ncbi.nlm.nih.gov/pubmed/34728869 http://dx.doi.org/10.1016/j.econlet.2021.110141

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