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pro vyhledávání: '"Illiquid projects, portfolio choice"'
Autor:
Pauline Shum, Miquel Faig
Publikováno v:
The Journal of Finance. 57:303-328
Personal projects, such as a private business or the purchase of a home, influence individuals' portfolio choice. We conduct a theoretical analysis of this influence when financial assets are required to provide liquidity to personal projects. Due to