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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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    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.


    Item Type: Monograph (Working Paper)
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Research Centres and Institutes: Applied Macroeconomics, Birkbeck Centre for
    Depositing User: Sarah Hall
    Date Deposited: 13 May 2014 13:23
    Last Modified: 02 Aug 2023 17:10


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