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Tobin´s Q 1 behaviour of firms ? investment 1 implementation of Q 1 panel data 1
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Czech 1
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Pánková, Václava 1
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Politická ekonomie 1
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Tobin´s Q - theory and application
Pánková, Václava - In: Politická ekonomie 2005 (2005) 5, pp. 601-608
Investment expenditure relates to an evident optimization problem: to create an optimal capital stock which is a function of expected profits. According to the Tobin´s Q - theory, investment depends on the ratio Q of the market value of business capital assets to their replacement value. A...
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