Description

This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment, financial imperfections and uncertainty.

After reviewing the capital market imperfections literature and the empirical results, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They present an overview of empirical results of the modelling of investment under uncertainty. In these examples, the effects of capital market imperfections on investment are carefully considered. The authors conclude that there is overwhelming empirical support for a negative uncertainty-investment relationship.

This innovative book will appeal to academics with an interest in investment theory, professionals in the financial sector and students of macroeconomics and finance. Investment, Capital Market Imperfections, and Uncertainty assumes only a basic knowledge of mathematics and is easily accessible.

Investment, Capital Market Imperfections, and Uncertainty: Theory and Empirical Results

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£90.00

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Hardback by Robert Lensink , Hong Bo

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This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment, financial... Read more

    Publisher: Edward Elgar Publishing Ltd
    Publication Date: 28/11/2001
    ISBN13: 9781840640854, 978-1840640854
    ISBN10: 1840640855

    Number of Pages: 168

    Non Fiction , Business, Finance & Law

    Description

    This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment, financial imperfections and uncertainty.

    After reviewing the capital market imperfections literature and the empirical results, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They present an overview of empirical results of the modelling of investment under uncertainty. In these examples, the effects of capital market imperfections on investment are carefully considered. The authors conclude that there is overwhelming empirical support for a negative uncertainty-investment relationship.

    This innovative book will appeal to academics with an interest in investment theory, professionals in the financial sector and students of macroeconomics and finance. Investment, Capital Market Imperfections, and Uncertainty assumes only a basic knowledge of mathematics and is easily accessible.

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