A multidimensional analysis of corporate governance mechanisms and their impact on sustainable economic development: A case study of Ghana's financial sector. [PDF]
Atuahene SA, Xusheng Q.
europepmc +1 more source
Environmental, social, and governance performance, financing constraints, and corporate investment efficiency: Empirical evidence from China. [PDF]
Li W, Zhu J, Liu C.
europepmc +1 more source
PROTOCOL: Is the CEO/employee pay ratio related to firm performance in publicly traded companies? [PDF]
Rousseau DM +4 more
europepmc +1 more source
Working capital management, board structure and Tobin's q ratio of Thai listed firms
PurposeThis study investigates whether the integration between working capital management (WCM) and the structure of a firm's board of directors impacts its Tobin's q ratio. The sample set consists of 319 Thai listed firms with 3,190 firm-year observations from 2010 to 2019.Design/methodology/approachThe two-step generalized method of moments (two-step
Nongnit Chancharat, Chamaiporn Kumpamool
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Excess Market Value, the Multinational Corporation, and Tobin's q-Ratio [PDF]
The results of this study show that there is a positive and significant relationship between excess market value of multinational corporations and the degree of international involvement as measured by foreign sales percentage. However, the excess market value is not determined by the number of foreign subsidiaries, nor the interaction between foreign ...
Wi Saeng Kim, Esmeralda O. Lyn
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Firms' acquisition decisions and Tobin's q ratio
Abstract We develop the hypothesis that Tobin's q ratio signals favorable opportunities for a firm to make acquisitions and then undertake an empirical test of this hypothesis within the context of a more general “multicausal” model. The results of this test support our hypothesis.
Henry W. Chappell, David C. Cheng
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Tobin's q ratio, monopoly earnings, risk, and dividend policy
Abstract Inherently nonlinear functional relationships between Tobin's q ratio of market value to replacement cost and financial variables of the firm are developed and estimated. Statistical significance and material importance of returns on equity and dividend payout ratios are established, but systematic risk does not appear to provide ...
Jerry L. Stevens
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Tobin's q‐Ratio and Market Reaction to Capital Investment Announcements
AbstractThere is a significant positive relation between Tobin's q‐ratio and the magnitude of stock market reaction to capital investment announcements. The findings have the following implications for capital investment theory: (i) The results provide evidence substantiating the link between the q‐ratio and real investment for industrial firms.
Laurence E. Blose, Joseph C. P. Shieh
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Predicting Equity Returns Using Tobin'S q and Price-Earnings Ratios
In the spring of 2000, two books predicted a substantial fall in the S&P 500 Index. Robert Shiller9s Irrational Exuberance found that, historically, a high price earnings ratio, with real earnings averaged over 10 years, accurately predicts a low real rate of return from investing in the S&P 500 Index.
Matthew Harney, Edward Tower
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