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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
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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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