Stock Market and Investment is popular PDF and ePub book, written by Cherian Samuel in 2016, it is a fantastic choice for those who relish reading online the Uncategoriezed genre. Let's immerse ourselves in this engaging Uncategoriezed book by exploring the summary and details provided below. Remember, Stock Market and Investment can be Read Online from any device for your convenience.
Stock Market and Investment Book PDF Summary
The author examines the role of the stock market as a signal to managers in undertaking capital expenditures. He concludes that while both managerial and market perceptions are integral, managerial perception is of greater importance. The evidence suggests that, as a statistic, the Q ratio is not sufficient to explain firms' capital expenditure decisions. Thus, the standard Q model of investment should be modified to provide a more meaningful description of a firm's capital spending decisions. Overall, the results suggest that stock market activity has only limited implications for the economy's resource allocation process. Evidence for the Q theory of investment confirms previous findings in the literature that the model's poor empirical perfomance was partly the result of using aggregate data for the whole economy. Also, since market perception plays only a limited role in determining capital expenditures, shareholder myopia is unlikely to result in managerial myopia. The implications for developing countries are: While the stock market may not be central to a firm's capital spending decisions, it is not a sideshow either. The market plays an important signaling role for managers. This is a powerful rationale for financial reform and capital development in developing countries. The results also suggest that complaints that stock market activity leads to misallocation of resources may be exaggerated.
Detail Book of Stock Market and Investment PDF
- Author : Cherian Samuel
- Release : 01 October 2024
- Publisher : Unknown
- ISBN : OCLC:1290704630
- Genre : Uncategoriezed
- Total Page : 56 pages
- Language : English
- PDF File Size : 13,5 Mb
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