Growth Expectations Drive Stock Prices? It May Be the Other Way Around
Share-price changes may have less to do with fundamentals than conventionally thought.
Growth Expectations Drive Stock Prices? It May Be the Other Way AroundWhen times are tough, lenders prefer family businesses
Banks viewed family-owned companies as safer investments during the 2007–10 financial crisis
Average credit spreads increased for all companies around the time of the Lehman collapse, but the increase was larger for nonfamily businesses.
Spyridon Lagaras and Margarita Tsoutsoura, “Family Control and the Cost of Debt: Evidence from the Great Recession,” Working paper, June 2015.
Share-price changes may have less to do with fundamentals than conventionally thought.
Growth Expectations Drive Stock Prices? It May Be the Other Way AroundA Q&A with Chicago Booth’s Zhiguo He on the idiosyncrasies of the Chinese property market
Expect a Slowdown for the Chinese Economy, but Not a CrashThe Capitalisn’t podcast welcomes two experts with differing views on the performance of private equity.
Capitalisn’t: Is Private Equity a Good Investment?Your Privacy
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