| dc.contributor | 財管系 | |
| dc.creator (作者) | Blose, Laurence E.;Shieh, Joseph C. P. | |
| dc.creator (作者) | 謝劍平 | zh_TW |
| dc.date (日期) | 1997-08 | |
| dc.date.accessioned | 12-Oct-2015 11:45:22 (UTC+8) | - |
| dc.date.available | 12-Oct-2015 11:45:22 (UTC+8) | - |
| dc.date.issued (上傳時間) | 12-Oct-2015 11:45:22 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/78932 | - |
| dc.description.abstract (摘要) | There is a significant positive relation between Tobin`s q-ratio and the magnitude of stock market reaction to capital investment announcements. The findings have the following implications for capital investment theory: (i) the results provide evidence substantiating the link between the q-ratio and real investment for industrial firms. For public utilities however, no such link exists. (ii) The study finds that average q and marginal q are correlated but the relation is somewhat more complicated than simple quality as assumed by numerous empirical studies. (iii) The findings suggest that investors can use average Tobin`s q-ratio to identify companies with profitable real capital investment opportunities. | |
| dc.format.extent | 1062360 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Financial Review, 32(3), 449-476 | |
| dc.subject (關鍵詞) | Capital; Investment; Public Utilities; Stock Market | |
| dc.title (題名) | Tobin`s q-Ratio and Market Reaction to Capital Investment Announcements | |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.1111/j.1540-6288.1997.tb00434.x | |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1111/j.1540-6288.1997.tb00434.x | |
