Investment Decisions in Anticipation of Recessions and Outperformance of Pre-Acting Firms
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DOI: 10.1080/1540496x.2016.1216842
Abstract: ABSTRACT We empirically examine whether firms make investment decisions in anticipation of recessions and subsequently perform better. Using a large quarterly dataset of fixed asset investments for U.S. firms during 1984–2012, we show that not… read more here.
Keywords: investment decisions; investment; decisions anticipation; pre acting ... See more keywords