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Asset pricing implications of nonconvex adjustment costs and irreversibility of investment
Ilan Cooper
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Keyphrases
Adjustment Costs
100%
Aggregate Shocks
50%
Asset Pricing Implications
100%
Asset Value
50%
Book Value
50%
Book-to-market
50%
Distressed Firms
50%
Equity Holders
50%
Investment Cost
50%
Market Value
50%
Nonconvex
100%
Physical Capital
50%
Real Investment
50%
Real Option Model
50%
Systematic Risk
50%
Value Premium
100%
Economics, Econometrics and Finance
Adjustment Costs
100%
Asset Pricing
100%
Finance
100%
Market Value
100%
Real Options Analysis
100%