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) |
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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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