对公司层面托宾 Q 的一个有用解释是

IF 4.6 Q2 MATERIALS SCIENCE, BIOMATERIALS
Peter A. Zaleski
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引用次数: 0

摘要

产业组织经济学家和金融分析师经常使用公司层面的托宾 Q 值,通常解释为公司的市场价值除以其账面价值。其测量、应用和解释差异很大,足以让人质疑其实用性。本文为托宾 Q 建立了一个概念框架,并在此过程中提供了一些有用的解释,希望能澄清过去对这一有用指标的一些误解。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
A useful interpretation of firm level Tobin's q

Industrial organization economists and financial analysts often employ firm level Tobin's q, typically interpreted as the firm's market value divided by its book value. The measurements, applications, and interpretations vary considerably enough to warrant the questioning of its usefulness. This paper develops a conceptual framework for Tobin's q and, in doing so, offers some useful interpretations that hopefully clear up some of the past misunderstandings regarding this useful metric.

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来源期刊
ACS Applied Bio Materials
ACS Applied Bio Materials Chemistry-Chemistry (all)
CiteScore
9.40
自引率
2.10%
发文量
464
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