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The Q theory of investment, the capital asset pricing model,and asset valuation: a synthesis

The Q theory of investment,the capital asset pricing model,and asset valuation:a synthesis
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摘要 The paper combines Tobin's Q theory of real investment with the capital asset pricing model to produce a new and relatively simple procedure for the valuation of real assets using the income approach. Applications of the new method are provided. The paper combines Tobin’s Q theory of real investment with the capital asset pricing model to produce a new and relatively simple procedure for the valuation of real assets using the income approach. Applications of the new method are provided.
出处 《Journal of Zhejiang University Science》 CSCD 2004年第5期499-508,共10页 浙江大学学报(自然科学英文版)
关键词 Investment theory Asset pricing APPRAISAL Q理论 资产定价模型 投资理论 资产评估 综合方法
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