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Stock Returns and Output Growth in Emerging and Advanced Economies Paolo Mauro

Stock Returns and Output Growth in Emerging and Advanced Economies

Paolo Mauro

Published April 1st 2000
ISBN : 9781281601827
ebook
36 pages
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 About the Book 

There is no sense in building up a new enterprise at a cost greater than that at which a similar existing enterprise can be purchased- whilst there is an inducement to spend on a new project what may seem an extravagant sum, if it can be floated offMoreThere is no sense in building up a new enterprise at a cost greater than that at which a similar existing enterprise can be purchased- whilst there is an inducement to spend on a new project what may seem an extravagant sum, if it can be floated off on the stock exchange at an immediate profit.”