Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 30 for “"Tobin’s Q"”.
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Is there a case for an augmented Tobin’s Q model of R&D investment? Investigating the role of market structure, knowledge spillovers and corporate governance quality
… thesis, I postulate the idea of an augmented Tobin’s Q model, in which several different but not mutually exclusive theories can be considered together in explaining the R&D investment decision-making process at firm-level. The first contribution of this thesis is to bring back to the …
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Critical Mass of Women on Biotech Corporate Boards and Its Implication For Firm Performance: A Mixed Method Explanatory Sequential Study
… the well-known market-based financial metric Tobin’s Q to measure firm performance.</p> <p>The quantitative results showed a dichotomous relationship between gender ratio and Tobin’s Q based on a theoretically determined shift in performance at 22% gender ratio. Firm performance or Tobin’s Q …
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Corporate Governance, Performance and Risk-Taking in the U.S. Banking Industry
… use five proxies for bank performance including Tobin’s Q, ROA, loan loss reserve ratio, non-performing asset ratio, and net charge-offs ratio. Board characteristic variables we include are board size, proportion of outsiders, CEO power, CEO tenure and board tenure. We find that a large board …
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Pengaruh penerapan Good Corporate Governance (GCG)terhadap nilai perusahaan BANK BUMN yang listing di Bursa Efek Indonesia (BEI)dengan implementasi Corporate Sosial Responsibility (CSR) sebagai variabel pemoderasi
… signifikan terhadap Nilai perusahaan ( Tobin’s Q). Dengan Hasil R Square sebesar 61,1% artinya variabel Tobin’s Q (Y) di jelaskan keenam variabel tersebut dengan adanya varibel moderasi Corporate Social Responsibility (Z). Sedangkan sisanya sebesar 38,9% dijelaskan oleh variabel lain …
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The effect of board characteristics on firm financial performance of listed companies in Hong Kong
… evaluated three financial indicators, i.e., ROA, Tobin’s Q, and Z-score by using six independent variables of board characteristics, the board size as moderating variable and firm size and company type as controlling variables, based on the financial data of 120 sample companies from 2015 to 2019. …
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Internal corporate governance structures and firm financial performance: evidence from South African listed firms
… an accounting (return on assets) or a market (Tobin’s Q) based measure of financial performance is used. Distinct from prior studies, an analysis of the impact of complying with the South African context specific affirmative action and stakeholder corporate governance provisions on the …
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Enterprise Risk Management: The Transformation of Board-level Engagement as Evidenced by Disclosure
… association between BODERMX and firm valuation (Tobin’s Q) is significant and negative. The evidence suggests investors might be perceiving additional board-level ERM implies greater risks facing the firm and/or investors may prefer to manage investment risk at the portfolio level. Additional …
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Related Party Transaction, Firm Performance and Institutional Ownership
… party transactions are positively related with Tobin’s-Q, but are not significantly related with 12-months buy and hold abnormal return. Finally, we do not find any significant relationship between overall institutional investors and RPTs, but we find short-horizon institutional investors reduce …
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Impact of Restricted Stock Grant (RSG) Issuance on Financial Performance of US Software and IT Companies
… and return on equity (ROE) and between RSGV and Tobin’s Q (TQ). The results emphasize the importance for corporate managers to tailor their equity compensation schemes to meet the needs of their employees better. From an investor's perspective, the implications of this study signify the potential …
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Three Essays on Firm Value and Firm Risk and their Relation to IT-Exposure, Corporate Social Responsibility, and Religiosity
… Subsequently, we analyze the relationship with Tobin’s Q in a panel data context, accounting for the relationship between IT-Exposure and investments proxied by R&D as well as CapEx. We use more than 48,000 firm-year observations for firms in the Russell 3000 Index covering the period 1990 to …
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Corporate Governance and Firm Financial Performance: The Nigerian Evidence
… blockholders’ ownership respectively and Tobin’s Q. It provides evidence that, except for non-executive directors’ ownership none of other forms of ownership improves firm performance. Finally, regarding the investigation of both the agency and resource dependence role of the females and …
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The Impact of Functional TMT Technology Leadership Roles on Firm Financial Outcomes
… peers across the measures of return on assets, Tobin’s Q, and market to book value. This dissertation adds to the growing research on the functional TMT members by examining how firms create value across both well-known and emerging CXO roles, identifying the role, firm, and industry conditions …
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Three Essays On Retail Branding, The Makings Of A Great Retail Brand: Antecedents, Outcomes, And Retailer Ad Spending Strategies
… relationship with a firm’s brand performance (Tobin’s q). The results show that our measure reflects the main underlying construct of retail brand equity and can also tap into dimensions of retail brand equity that other measures do not reflect. Finally, as retail continues to spend the most on …
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Three essays in corporate finance
… error in the variables. The measurement error in Tobin’s q, which operates via the covariance between q and cash flow, plays an important part in explaining the time-series and cross-sectional pattern of investment-cash flow sensitivity. Moreover, even a high-order moment-based GMM estimator …
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Essays on Corporate Governance and Social Responsibility
… observe a positive association between CSR and Tobin’s Q for the companies that are headquartered in high religious regions. The association is stronger when firms are less visible to non-local investors. This study enriches the emerging literature on the influence of local cultural factors on …
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Institutional Ownership and Technology Spillovers
… cross-border acquisitions have real effects on Tobin’s Q, Total Factor Productivity, and Innovation for the rival firm. The impact of technology spillovers increases with horizontal acquisitions, intellectual property rights, as well as a firm’s absorptive capacity. Our paper sheds new light on …
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Corporate governance : the effect of Shariah supervisory board on Malaysian financial institutions’ performance
… ROA (Return on assets) and market value (Tobin’s Q). This study primarily employs the agency theory to investigate the relationship between corporate governance and firm performance. It has been argued that board of directors; ownership concentration and managerial ownership are efficient …
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Market timing and cost of capital of the firm
… firm value than non-timers, as measured by Tobin’s q. After controlling for various determinants of firm value, I find no differences in firm value between them. Third, I investigate whether firm value for timers increases more than that for non-timers after the debt issues. I find no …
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Voluntary corporate governance disclosure, firm valuation and dividend payout: evidence from Hong Kong listed firms
… ownership, on company valuation, as proxied by Tobin’s q. This thesis also examines the role of dividend payout on the CG of Hong Kong firms. Based on hand-collected data for a sample of 258 firm-years over the 2003-2005 period, the empirical results show that, firstly, voluntary CG disclosure …
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An empirical study of equity repurchase decisions and market reaction
… to the repurchase for signalling hypothesis; (2) Tobin’s Q, the ratio of a firm’s total market value to the market-value replacement costs of its assets, based on the Lindenburg-Ross Algorithm for the free cash flow hypothesis (another measure is also used in this dissertation, that is, the net …
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