Does inflation affect sensitivity of investment to stock prices? Evidence from emerging markets
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DOI: 10.1016/j.frl.2017.10.019
Abstract: Abstract This paper uses data from 37 emerging markets and shows that investment of firms headquartered in countries with higher inflation is significantly less sensitive to their stock prices than that of firms headquartered in… read more here.
Keywords: stock prices; emerging markets; sensitivity investment; inflation ... See more keywords