A Simple Approximation of Tobin's q
Bibliographic Data
| ID | 23322239 |
|---|---|
| Authors | Kee H Chung (0000-0001-7810-8992, University at Buffalo, State University of New York), Stephen W Pruitt (0000-0001-6059-1613, University of Missouri–Kansas City) |
| Year | 1994 |
| Volume | 23 |
| Issue | 3 |
| Pages | 70 |
| Publication date | 1994-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Financial Management (JOURNAL) |
| Journal identifiers | ISSN: 0046-3892 • E-ISSN: 1755-053X |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.2307/3665623 |
| OpenAlex | W2042597655 |
| Language | EN |
| Citations received | 46 |
This paper develops a simple formula for approximating Tobin's q. The formula requires only basic financial and accounting information. Results of a series of regressions comparing our approximate q values with those obtained via Lindenberg and Ross' (1981) more theoretically correct model indicate that at least 96.6% of the variability of Tobin's q is explained by approximate q.
Econometrics · Economics · Regression analysis · Series (stratigraphy) · Simple (philosophy) · Simple linear regression · Statistics · Tobin's q · Applied Mathematics · Economic theories and models · Finance · Game Theory and Voting Systems · Geology · Mathematics
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| Unique citing works | 46 |
|---|---|
| Citations per year | 1,84 |
| Citation span | 2001 - 2026 (26) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 46 |