Huifeng Chang
Ph.D. student, Economics
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![Lettered wooden pieces arranged to spell the words "stock" and "bond". The two words share a single "O" piece.](https://anderson-review.ucla.edu/wp-content/uploads/2021/11/AR-stock-bond-thumb-760x570.jpg)
How Bond and Stock Prices Combine to Influence Corporate Investment
Equity volatility can encourage — or dampen — investment, depending on a firm’s bond spread
Equity volatility can encourage — or dampen — investment, depending on a firm’s bond spread