Does the Stock Market Harm Investment Incentives?

Does the Stock Market Harm Investment Incentives?

John Asker, Joan Farre-Mensa, Alexander Ljungqvist

Series number :

Serial Number: 
282/2010

Date posted :

May 01 2010

Last revised :

May 28 2010
SSRN Share

Keywords

  • Corporate investment • 
  • short-termism • 
  • empire building • 
  • Managerial incentives • 
  • agency problems • 
  • Private companies • 
  • IPOs.

Published in

Published in: 
Publication Title: 
Review of Financial Studies
Description: 
28, no. 2 (February 2015): 342-390

Authors

Real name: 
John Asker
Real name: 
Joan Farre-Mensa