ms·1989년 8월 1일
On Optimal Production and the Market to Book Ratio Given Limited Shareholder Diversification
Thomas E. Conine, Oscar W. Jensen, Maurry Tamarkin
Management Science
9
피인용
0.0
FWCI
0
IS/마케팅/OM 탑저널 피인용
31
IS/마케팅/OM 탑저널 참고문헌
- 주제투자 포트폴리오 최적화 · 의사결정분석
01Abstract
Our purpose is to examine a firm's optimal output decision and valuation when its shareholders hold a limited number of risky assets. The primary theoretical result indicates that the market-to-book ratio is a function of the degree of shareholder diversification. Our theory suggests a negative relationship between a firm's market-to-book ratio and shareholder diversification.
02연구 흐름
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03비슷한 논문
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04이후 연구
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05선행 연구
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06서지 정보
- 저널Management Science · 35(8) · 1004–1013
- 토픽Corporate Finance and Governance · Accounting
- DOI10.1287/mnsc.35.8.1004
- 저자Thomas E. Conine, Oscar W. Jensen, Maurry Tamarkin