Search Results - subject:"marginal q"

Ownership concentration and investment performance of Austrian listed companies

Afgan, Nouman; Mumtaz, Muhammad Zubair; Kunst, Robert M. - In: PSL quarterly review 77 (2024) 311, pp. 511-529

We apply panel estimation techniques to full population of Austrian corporations from 2007-2020 in order to analyze the impact of ownership concentration on performance. Return on investment (ROI) is lower than cost of capital, which insinuates that managers invest beyond optimal investment...

Persistent link: https://www.econbiz.de/10015359739

Why is investment so weak despite high profitability? : a panel study of Japanese manufacturing firms

Ogawa, Kazuo; Sterken, Elmer; Tokutsu, Ichiro - 2019

Persistent link: https://www.econbiz.de/10012134168

Corporate saving, household saving, and gross national savings : analysis by provincial panel and time series data in China

Wan, Junmin - In: The Chinese economy : translations and studies 55 (2022) 1, pp. 1-12

Persistent link: https://www.econbiz.de/10012821681

Exchange Rate, Marginal q and Investment Behavior of Small and Medium-Sized Enterprises in Japan: Time Series Evidences of Manufacturing Industries

Kozuka, Masafumi - Faculty of Economics, Kobe University - 2015

In this paper, we investigate Grangerfs causality among the exchange rate, Tobinfs marginal q, and investment … the exchange rate to other variables, investment and marginal q, are accepted in all industries. The reason is the lower …

Persistent link: https://www.econbiz.de/10011202216

A Dynamic Agency Theory of Investment and Managerial Replacement

Osano, Hiroshi; Hori, Keiichi - Institute of Economic Research, Kyoto University - 2015

variations of average q, marginal q, and the optimal investment?capital ratio surrounding manager turnover. Furthermore, we also …

Persistent link: https://www.econbiz.de/10011255397

Corporate Governance Structures, Legal Origin and Firm Performance

Andersson, David E; Andersson, Martin; Bjuggren, Per-Olof; … - Ratioinstitutet - 2014

of the countries’ investment performance by means of a marginal q approach. Differences in their performance are …

Persistent link: https://www.econbiz.de/10011106042

Marginal q and Firms' Capital Investments: Evidence from Time Series Data of Japanese Manufacturing Industries

Kozuka, Masafumi - Faculty of Economics, Kobe University - 2014

In this paper, we verify the predictability of marginal q on rms' capital invest- ments. We compare Granger's causality … results that the null hypothesis of no Granger's causality from marginal q to invest- ments is accepted for the chemical …

Persistent link: https://www.econbiz.de/10011085023

Institutional Ownership and Returns on Investment

Bjuggren, Per-Olof; Eklund, Johan; Wiberg, Daniel - Ratioinstitutet - 2013

investment performance we used a measure of marginal q which measures the ratio of the investment returns to cost of capital …

Persistent link: https://www.econbiz.de/10011095552

Legal Origin and Firm Size Effects Around the World

Bjuggren, Per-Olof; Högberg, Andreas - Ratioinstitutet - 2012

We propose that the legal origin explanation of differences in financial indicators lacks the ability to satisfyingly describe investment performance and firm size effects. In this paper we investigate the impact of legal origin and firm size on investment performance for 20 111 firms in 58...

Persistent link: https://www.econbiz.de/10011095553

The Performance Effects of Corporate Board of Directors

Palmberg, Johanna - Ratioinstitutet - 2012

This paper examines the relationship between the board-member independence, family control, and financial performance in Swedish listed firms. The degree of independence is defined with respect to the principal owners, the management of the firm, and the employees. The definition of...

Persistent link: https://www.econbiz.de/10009651235