When and why do Austrian companies issue shares?
نویسندگان
چکیده
منابع مشابه
Why Do Household Portfolio Shares Rise in Wealth?∗
In the cross-section of households, the portfolio share rises in wealth and has a non-decreasing age profile. The standard life-cycle model with homothetic utility and non-tradable labor income has the counterfactual implication that the portfolio share falls in both wealth and age. We develop a life-cycle model in which households have nonhomothetic utility over two types of consumption goods,...
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ژورنال
عنوان ژورنال: Empirica
سال: 2008
ISSN: 0340-8744,1573-6911
DOI: 10.1007/s10663-008-9082-3