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sensitive

Overview page. Subjects: Medicine and Health.

adj. possessing the ability to respond to a stimulus. The cells of the retina, for example, are sensitive to the stimulus of light and respond by sending nerve impulses to the...

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Corporate Investment and Stock Market Listing: A Puzzle?

John Asker, Joan Farre-Mensa and Alexander Ljungqvist.

in The Review of Financial Studies

February 2015; p ublished online October 2014 .

Journal Article. Subjects: Production and Organizations; Intertemporal Choice and Growth; Corporate Governance; Mergers and Acquisitions. 21895 words.

We investigate whether short-termism distorts the investment decisions of stock market-listed firms. To do so, we compare the investment behavior of observably similar public and private...

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