Impacts of Changing Inflation Expectations on Wealth Transfers, Investment Behavior, and Valuation
The purpose of this thesis is the analytical and empirical investigation of the effects of changes in inflation expectations on the market value of common equity. Based on existing theory an analytical model is presented and used to structure an empirical model. Multiple index versions of the market model are used to control for market impacts. Additional variables are included to account for the possibility of dividend yield and firm size effects.
University of Illinois - Urbana-Champaign
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University of Illinois at Urbana-Champaign