The Stock Market and Investment: Is the Market a Sideshow?
研究股票市场波动是否影响企业投资决策,发现市场对投资的影响有限,更多是反映而非驱动实体经济。
Randall Morck, Andrei Shleifer, Robert W. Vishny, Matthew Shapiro, James M. Poterba, The Stock Market and Investment: Is the Market a Sideshow?, Brookings Papers on Economic Activity, Vol. 1990, No. 2 (1990), pp. 157-215