Credit constraints and stock price volatility /
This paper addresses how creditor protection affects the volatility of stock market prices. Credit protection reduces the probability of oscillations between binding and non-binding states of the credit constraint; thereby lowering the rate of return variance. We test this prediction of a Tobin'...
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| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass. :
National Bureau of Economic Research,
c2007
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| Series: | Working paper series (National Bureau of Economic Research) ;
working paper no. 13089 |
| Subjects: |
Internet
This item is not available through BorrowDirect. Please contact your institution’s interlibrary loan office for further assistance.Massachusetts Institute of Technology
| Call Number: |
H11.N27534 no.13089 |
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