Firm Value, Risk, and Growth Opportunities
收藏NBER2000-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7808
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资源简介：
We show that Tobin's q, as proxied by the ratio of the firm's market value to its book value, increases with the firm's systematic equity risk and falls with the firm's unsystematic equity risk. Further, an increase in the firm's total equity risk is associated with a fall in q. The negative
提供机构：
美国国家经济研究局
创建时间：
2000-07-01
