BIBFRAME Work

Title

What explains the lagged investment effect?

Type

  • Text
  • Monograph

Contribution

Language

Classification

LCC: HB1 (Assigner: dlc) (Status: uba)

Content

Supplementary content

Summary

"The best predictor of current investment at the firm level is lagged investment. This lagged-investment effect is empirically more important than the cash-flow and Q effects combined. We show that the specification of investment adjustment costs proposed by Christiano, Eichenbaum and Evans (2005) predicts the presence of a lagged-investment effect and that a generalized version of their model is consistent with the behavior of firm-level data from Compustat"--National Bureau of Economic Research web site.

Authorized Access Point

Eberly, Janice C. What explains the lagged investment effect?

Admin Metadata

  • Date: 2026-09-30T17:45:38.560010+00:00
  • Agent: cbc
  • Status: c
  • Derived from: 16806989

Admin Metadata

  • Date: 2026-09-30
  • Cataloger id: Unknown
  • Description level: http://id.loc.gov/ontologies/bibframe-2-6-0/
  • Description language: eng
  • Description authentication: pcc

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