A Unified Tobin's q Theory of Investment Structure, Capital Allocation, Risk Management, and Asset Pricing

2017 ◽  
Author(s):  
Qian Qi
Keyword(s):  
Risk Management ◽  
Asset Pricing ◽  
Capital Allocation ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Q Theory ◽  
Investment Structure

Accounting Measures of Business Performance and Tobin's q Theory

1995 ◽  
Vol 10 (3) ◽  
pp. 587-609 ◽  
Author(s):  
Kevin C.W. Chen ◽  
C.W. Jevons Lee
Keyword(s):  
Recovery Rate ◽  
Business Performance ◽  
Performance Measure ◽  
Rate Of Return ◽  
Tobin’S Q ◽  
Internal Rate Of Return ◽  
Tobin's Q ◽  
Internal Rate ◽  
Q Theory

In this paper, Tobin's q theory is applied to evaluate the informativeness of the traditional accounting measures of business performance and the measures derived from the cash recovery rate (CRR). The informativeness is defined in terms of the correlation of the performance measure and the internal rate of return implied in a ratio known as Tobin's q. The paper shows that the traditional ROI does weakly reflect the underlying profitability. The internal rate of return derived from the cash recovery rate approach, however, seems to be more informative than the ROI.

Predicting Equity Returns Using Tobin's q and Price-Earnings Ratios

CFA Digest ◽  
2004 ◽  
Vol 34 (2) ◽  
pp. 48-49
Author(s):  
Edgar J. Sullivan
Keyword(s):  
Equity Returns ◽  
Tobin’S Q ◽  
Tobin's Q

Pengukuran Kinerja Perusahaan Menggunakan Pendekatan Objektif dan Subjektif

2020 ◽  
Author(s):  
Raymond Lim
Keyword(s):  
Firm Value ◽  
Likert Scale ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
Value Growth

Mengukur kinerja perusahaan berdasarkan pendekatan objektif dan subjektif. Pengukuran secara objektif dilakukan dengan menggunakan ROA, Tobin's Q, TFP, dan firm value growth. Di sisi lain, pengukuran subjektif dilakukan dengan mengunakan likert scale.

Pengaruh Corporate Social Responsibility Terhadap Nilai Dan Kinerja Perusahaan Manufaktur

2011 ◽  
Vol 3 (1) ◽  
pp. 1-13
Author(s):  
Agustin Ekadjaja ◽  
Vony Vony
Keyword(s):  
Corporate Social Responsibility ◽  
Linear Regression ◽  
Confidence Level ◽  
Stock Exchange ◽  
Tobin’S Q ◽  
Manufacturing Companies ◽  
Simple Linear Regression ◽  
Tobin's Q ◽  
And Performance ◽  
Corporate Social

This study aims to determine the effect of CSR Index to the value and performance of manufacturing companies listed on the Indonesia Stock Exchange (BEI), and to find out how much the ability of the variable CSR Index in explaining the variable Tobin’s Q, ROA, and ROE manufacturing companies listed on Indonesia Stock Exchange (BEI). This study uses data sampled during the 75 years from 2007 to 2009. A statistical method used to test the research hypothesis is a simple linear regression model. Therefore, before performing hypothesis testing carried out tests of classical assumptions. The results of this study prove that, CSR Index has a significant effect on Tobin’s Q and ROE with 95% confidence level. However, CSR Index has no significant influence on ROA with 95% confidence level. Key words : CSR Index, Variabel Tobin’s Q, ROA, ROE

Tobin's $q$ Ratio and Industrial Organization

1981 ◽  
Vol 54 (1) ◽  
pp. 1 ◽  
Author(s):  
Eric B. Lindenberg ◽  
Stephen A. Ross
Keyword(s):  
Industrial Organization ◽  
Tobin’S Q ◽  
Tobin's Q
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