Institutional characteristics, investment sensitivity to cash flow and Tobin's q : Evidence from the Middle East and North Africa region

2020 ◽  
Vol 23 (2) ◽  
pp. 324-339
Author(s):  
Abed Al‐Nasser Abdallah ◽  
Wissam Abdallah ◽  
Mohsen Saad
Keyword(s):  
Middle East ◽  
Cash Flow ◽  
North Africa ◽  
Institutional Characteristics ◽  
Tobin’S Q ◽  
Tobin's Q

scholarly journals The Roles of Expected Profitability, Tobin's Q and Cash Flow in Econometric Models of Company Investment

2004 ◽  
Author(s):  
Stephen R. Bond ◽  
Alexander Klemm ◽  
Rain Newton-Smith ◽  
Murtaza Syed ◽  
Gertjan W. Vlieghe
Keyword(s):  
Cash Flow ◽  
Econometric Models ◽  
Tobin’S Q ◽  
Tobin's Q

Self-tender offers: The effects of free cash flow, cash flow signalling, and the measurement of Tobin's q

1995 ◽  
Vol 19 (6) ◽  
pp. 1005-1023 ◽  
Author(s):  
Steven B. Perfect ◽  
David R. Peterson ◽  
Pamela P. Peterson
Keyword(s):  
Cash Flow ◽  
Free Cash Flow ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Tender Offers

scholarly journals Analisis Faktor Pengendali Konflik Keagenan Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Moderasi

2018 ◽  
Vol 22 (2) ◽  
pp. 139
Author(s):  
Rita Amelinda
Keyword(s):  
Cash Flow ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Listed Company ◽  
Free Cash Flow ◽  
The Other ◽  
Tobin’S Q ◽  
Flow Ratio ◽  
Tobin's Q ◽  
Independent Variables

The purpose of this research is to measure the influence between agency conflict’s factors to the value of the firm with dividend policy as the moderating variable. Some of variables which are used in this research such as Free Cash Flow Ratio, Leverage, Return on Asset, GCG’s Implementation (CGPI), Dividend Policy, danValue of The Firm (Tobin’s Q). This research sample consisted of 126 observations which are the listed company in Indonesia Stock Exchange (IDX) during 2008-2014 period and they also are the company with the best GCG index. The results showed thatFree Cash Flow Ratio, Leverage, Return on Asset, GCG’s Implementation (CGPI), Dividend Policy have significant effect simultaneously on Value of The Firm (Tobin’s Q). While in partial, only GCG’s Implementation (CGPI) which doesn’t has significant effect onValue of The Firm (Tobin’s Q). On the other hand, dividend policy significantly moderated the influence of the other 4 independent variables to the value of the firm.

Labor market and institutional drivers of youth irregular migration in the Middle East and North Africa region

2018 ◽  
Vol 61 (2) ◽  
pp. 225-251 ◽  
Author(s):  
Ghassan Dibeh ◽  
Ali Fakih ◽  
Walid Marrouch
Keyword(s):  
Labor Market ◽  
Middle East ◽  
North Africa ◽  
Multinomial Logit Model ◽  
Institutional Characteristics ◽  
Irregular Migration ◽  
Institutional Settings ◽  
Market Factors ◽  
Institutional Drivers ◽  
Socio Economic Factors

This article examines the drivers of youth irregular migration in the Middle East and North Africa region. A multinomial logit model is implemented to test the effect of labor market and institutional characteristics on the decision of youth to migrate using a unique and novel dataset covering young people aged 15–29 from five major Middle East and North Africa countries. Specifically, the article investigates the effect of micro determinants of irregular migration: individual socio-economic factors, wealth factors, adaptability factors, labor market factors, and institutional factors. The article finds that the labor market drivers matter more for regular rather than irregular migration amongst the youth from the Middle East and North Africa region. However, institutional settings are of great importance for any decision to migrate, be it regularly or irregularly. In addition, youth from wealthier households are more likely to express willingness to migrate using regular channels, whereas youth from disadvantaged backgrounds are more likely to consider the irregular route.

Marginal q , Tobin's q , Cash Flow, and Investment

2004 ◽  
Vol 70 (3) ◽  
pp. 512-531
Author(s):  
Klaus Gugler ◽  
Dennis C. Mueller ◽  
B. Burcin Yurtoglu
Keyword(s):  
Cash Flow ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Marginal Q

Investment, Valuation, and Growth Options

2012 ◽  
Vol 02 (01) ◽  
pp. 1250001 ◽  
Author(s):  
Andrew B. Abel ◽  
Janice C. Eberly
Keyword(s):  
Cash Flow ◽  
Firm Value ◽  
Empirical Literature ◽  
Growth Options ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Current Technology ◽  
Investment Valuation ◽  
Positive Coefficients

We develop a model in which the opportunity for a firm to upgrade its technology to the frontier (at a cost) leads to growth options in the firm's value; that is, a firm's value is the sum of value generated by its current technology plus the value of the option to upgrade. Variation in the technological frontier leads to variation in firm value that is unrelated to current cash flow and investment, though variation in firm value anticipates future upgrades and investment. We simulate this model and show that, consistent with the empirical literature, in situations in which growth options are important, regressions of investment on Tobin's Q and cash flow yield small positive coefficients on Q and larger coefficients on cash flow. We also show that growth options increase the volatility of firm value relative to the volatility of cash flow.

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