Global ETD Search
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Showing 1 to 1 of 1 for “"cumulative increase in investment"”.
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Studies in Income, Investment, and Stock Returns: The Permanent Income Hypothesis and the Overinvestment Puzzle
<p>Increased sales drive earnings; increased earnings drive investment; and increased investment drives higher stock returns. In this dissertation, I studied the relationship of sales income, firm investment increase and stock returns. The first paper, titled "Permanent Income and Investment", …