Tobin’s Q as a market-based measure of firm’s performance and as a proxy for exposure to systematic risk.

• Main Authors: Ng, Hao Chieh., Kuik, Zoe Soo Hsien., Chan, Hwa Jiat.
• 其他作者: Zhou Jie
• 格式: Final Year Project
• 語言: English
• 出版: 2009
• 主題: DRNTU::Social sciences::Economic theory::Macroeconomics
• 在線閱讀: http://hdl.handle.net/10356/15006
• 機構: Nanyang Technological University

Since its introduction in 1969, the q ratio has been used to explain a wide variety of phenomena. It has increasingly been used as a financial-market measure of firm’s performance, and also a measure of a firm’s intangible value. In this paper, we use Tobin’s q as a financial market-based measure of...