Operating Efficiency and Corporate Governance
Although empirical studies often use Tobin's Q as a proxy for operating performance, our theoretical framework highlights its ambiguity when evaluating corporate Governance. In particular, capital in the denominator of Tobin's Q is endogenous since entrenched managers can enjoy the quiet l...
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| Main Authors: | , |
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| 格式: | text |
| 語言: | English |
| 出版: |
Institutional Knowledge at Singapore Management University
2010
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| 主題: | |
| 在線閱讀: | https://ink.library.smu.edu.sg/lkcsb_research/1898 |
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| 機構: | Singapore Management University |
| 語言: | English |