Pure Profit Rates and Tobin's q in Nine OECD Countries [E-Book] / James Chan-Lee
This paper extends a previous study of profit trends to consider valuation ratios (Tobin's q) in nine countries. Tobin's q embodies market expectations and is an indicator of expected pure profit rates on the existing capital stock. Since 1982, equity markets have recovered substantially....
Saved in:
Full text |
|
Personal Name(s): | Chan-Lee, James. |
Imprint: |
Paris :
OECD Publishing,
1986
|
Physical Description: |
45 p. ; 21 x 29.7cm. |
Note: |
englisch |
DOI: |
10.1787/530230510717 |
Series Title: |
/* Depending on the record driver, $field may either be an array with
"name" and "number" keys or a flat string containing only the series
name. We should account for both cases to maximize compatibility. */?>
OECD Economics Department Working Papers ;
34 |
Keywords: |
Economics |
LEADER | 01627caa a22002778i 4500 | ||
---|---|---|---|
001 | ZB05722 | ||
003 | OECD iLibrary | ||
008 | 121101s1986 fr o i|0| 0 eng d | ||
024 | 7 | |a 10.1787/530230510717 |2 doi | |
035 | |a (Sirsi) a492609 | ||
041 | |a eng | ||
100 | 1 | |a Chan-Lee, James. | |
245 | 1 | 0 | |a Pure Profit Rates and Tobin's q in Nine OECD Countries |h [E-Book] / |c James Chan-Lee |
264 | |a Paris : |b OECD Publishing, |c 1986 |e (OECD iLibrary) | ||
300 | |a 45 p. ; |c 21 x 29.7cm. | ||
336 | |a Text |b txt |2 rdacontent | ||
337 | |a Computermedien |b c |2 rdamedia | ||
338 | |a Online-Ressource |b cr |2 rdacarrier | ||
490 | |a OECD Economics Department Working Papers ; |v 34 | ||
500 | |a englisch | ||
520 | 3 | |a This paper extends a previous study of profit trends to consider valuation ratios (Tobin's q) in nine countries. Tobin's q embodies market expectations and is an indicator of expected pure profit rates on the existing capital stock. Since 1982, equity markets have recovered substantially. By end-1985, values of Tobin's q were close to their 1974 levels and close to the symbolic figure of unity. The theoretical and conceptual relevance of q is considered, as well as data and measurement limitations. Real debt and equity costs of finance are considered in the light of buoyant stock markets. The implications of the strong recent recovery in q for investment are also noted ... | |
653 | |a Economics | ||
856 | 4 | 0 | |u http://dx.doi.org/10.1787/530230510717 |z Volltext |
915 | |a zzwFZJ3 | ||
596 | |a 1 | ||
949 | |a XX(492609.1) |w AUTO |c 1 |i 492609-1001 |l ELECTRONIC |m ZB |r N |s Y |t E-BOOK |u 5/2/2016 |x UNKNOWN |z UNKNOWN |1 ONLINE |