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Tobin's q ratio, monopoly earnings, risk, and dividend policy

Journal of Business Research, 1986
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 ...
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Predicting Equity Returns Using Tobin'S q and Price-Earnings Ratios

The Journal of Investing, 2003
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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Market power and systematic risk: an empirical analysis using Tobin's q ratio

Journal of Economics and Business, 1987
Abstract This paper makes use of the q ratio to investigate empirically whether market power reduces a firm's systematic risk and its cost of equity capital. Specifically, beta is regressed on q and other variables that can be expected to explain variation in beta among firms. The analysis is conducted for a sample of 187 U.S.
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Portfolio Allocation, Liquidity-Preference and the q Ratio: A Reassessment of the Contributions of Tobin and Kahn

Review of Political Economy, 2012
This paper compares the implications of Tobin's q theory and Kahn's Post-Keynesian monetary analysis for monetary policy formulation.
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An Empirical study on Tobin`s q-ratio

2020
ABSTRACT In this thesis, the q-ratios of 66 firms in the İstanbul Stock Exchange are calculated using the methods described by Lindenberg & Ross ( 1981 ). These q-ratios, which represent the ratios of market values to replacement values, are then statistically related to financial values such as debt / equity ratio, profit / paid capital ratios and
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The Impacts of the CPS, Free Cash Flow, Tobin's Q, and Price-Earnings Ratio on Investment Decisions

SSRN Electronic Journal, 2017
This paper investigated the influences of Free Cash Flow, Tobin’s q, and Price-earnings ratio on the investment decisions by using North American monthly data from January 2000 to March 2017. Correlation Analysis and three Generalized Linear Models (GLM) are employed in this empirical research.
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Tobin's $q$ Ratio and Industrial Organization

The Journal of Business, 1981
Lindenberg, Eric B, Ross, Stephen A
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The Impact of Venture Capital on Tobin’s Q in South Korea: Involvement, Type, and Equity Shareholding Ratio

Do venture capital (VC) initiatives in emerging markets truly create value, or do they distort market mechanisms? This study investigates the effectiveness of South Korea’s VC system within the emerging market context. Using a panel of South Korean initial public offering (IPO) firms listed between 2015 and 2019 and multiple econometric approaches ...
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Ο δείκτης του Tobin (Q Ratio) : θεωρία, χρησιμότητα και εφαρμογές

2007
Στην εργασία αυτή γίνεται εκτενής αναφορά στον δείκτη του Tobin. Στην αρχή γίνεται μια εννοιολογική προσέγγιση του δείκτη. Παρουσιάζονται στην συνέχεια μέθοδοι υπολογισμού του Tobin’s q και στοιχεία από τις Η.Π.Α. για την μέτρηση του σε εμπειρικό επίπεδο.
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