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Tobin's q and intangible assets

Wright, Stephen (2006) Tobin's q and intangible assets. Working Paper. Birkbeck, University of London, London, UK.

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Abstract

In a recent paper Laitner & Stolyarov (2003) assert that measured Tobin’s q has usually been well above 1, and use this to back up their conclusion that there are significant quantities of unrecorded intangible assets. This key feature of q turns out however to be entirely due to errors and omissions in the authors’ calculations. The corrected q series turns out to be usually well below unity.

Metadata

Item Type: Monograph (Working Paper)
School: Birkbeck Faculties and Schools > Faculty of Science > School of Computing and Mathematical Sciences
Depositing User: Sarah Hall
Date Deposited: 19 May 2020 09:28
Last Modified: 09 Aug 2023 12:48
URI: https://eprints.bbk.ac.uk/id/eprint/31971

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