Tobin's Q as a measure of airline performance.

• Main Author: Poh, Kok Hong.
• Other Authors: Li, Michael Zhi-Feng
• Format: Final Year Project
• Published: 2008
• Subjects: DRNTU::Business::Industries and labor
• Online Access: http://hdl.handle.net/10356/11123
• Institution: Nanyang Technological University

This is a performance study of the global airlines industry using Tobin's q. We attempt to establish both theoretically and empirically that q is a superior financial performance measure over other commonly used financial ratios. We also find a significant relationship between q and operational...