《《1968A Comparison of Alternative Theories of Corporate Investment Behavior》.pdf

《《1968A Comparison of Alternative Theories of Corporate Investment Behavior》.pdf

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《《1968A Comparison of Alternative Theories of Corporate Investment Behavior》.pdf

American Economic Association A Comparison of Alternative Theories of Corporate Investment Behavior Author(s): Dale W. Jorgenson and Calvin D. Siebert Source: The American Economic Review, Vol. 58, No. 4 (Sep., 1968), pp. 681-712 Published by: American Economic Association Stable URL: /stable/1815529 . Accessed: 13/10/2013 22:53 Your use of the JSTOR archive indicates your acceptance of the Terms Conditions of Use, available at . /page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@. . American Economic Association is collaborating with JSTOR to digitize, preserve and extend access to The American Economic Review. This content downloaded from 30 on Sun, 13 Oct 2013 22:53:50 PM All use subject to JSTOR Terms and Conditions The American Economic Review VolumneXVII1 SEPTEMBER 1968 Nulmber 4 A COMPARISON OF ALTERNATIVE THEORIES OF CORPORATE INVESTMENT BEHAVIOR By DALE W. JORGENSON AND CALVIN D. SIEBERT* The purpose of this paper is to compare alternative theories of in- vestment behavior with regard to their ability to explain the investment activity of corporations. The theories we consider have already under- gone substantial empirical testing and all of them deserve careful con- sideration as possible explanations of

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