Limits-to-arbitrage, investment frictions, and the investment effect: New evidence

Keyphrases

• Bayesian Inference 33%
• Behavioral Explanations 33%
• Cash Flow Volatility 33%
• Classical Inference 33%
• Corporate Investment 33%
• Financial Profitability 33%
• Idiosyncratic Volatility 33%
• Investment Effect 100%
• Investment Frictions 100%
• Investment Profitability 33%
• Investment-based Asset Pricing 33%
• Limits-to-arbitrage 100%
• New Evidence 100%
• P-q Theory 33%
• Previous Literature 33%
• Rational Explanation 66%

Economics, Econometrics and Finance

• Arbitrage 100%
• Bayesian 50%
• Cash Flow 50%
• Financial Economics 50%
• Idiosyncratic Volatility 50%
• Investment 50%
• Volatility 50%