Description
After reviewing the capital market imperfections literature and the empirical results, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They present an overview of empirical results of the modelling of investment under uncertainty. In these examples, the effects of capital market imperfections on investment are carefully considered. The authors conclude that there is overwhelming empirical support for a negative uncertainty-investment relationship.
This innovative book will appeal to academics with an interest in investment theory, professionals in the financial sector and students of macroeconomics and finance. Investment, Capital Market Imperfections, and Uncertainty assumes only a basic knowledge of mathematics and is easily accessible.
About the Author
Robert Lensink, Professor of Finance and Financial Markets, Faculty of Economics and Business, University of Groningen, the Netherlands, Hong Bo, Senior Lecturer in Financial Economics, SOAS, University of London, UK and Elmer Sterken, Professor of Economics, University of Groningen, The Netherlands
Book Information
ISBN 9781840640854
Author Robert Lensink
Format Hardback
Page Count 168
Imprint Edward Elgar Publishing Ltd
Publisher Edward Elgar Publishing Ltd
