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  1. Review of Quantitative Finance and Accounting
  2. Review of Quantitative Finance and Accounting : Volume 12
  3. Review of Quantitative Finance and Accounting : Volume 12, Issue 1, January 1999
  4. Q, Cash Flow and Investment: An Econometric Critique
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Review of Quantitative Finance and Accounting : Volume 48
Review of Quantitative Finance and Accounting : Volume 47
Review of Quantitative Finance and Accounting : Volume 46
Review of Quantitative Finance and Accounting : Volume 45
Review of Quantitative Finance and Accounting : Volume 44
Review of Quantitative Finance and Accounting : Volume 43
Review of Quantitative Finance and Accounting : Volume 42
Review of Quantitative Finance and Accounting : Volume 41
Review of Quantitative Finance and Accounting : Volume 40
Review of Quantitative Finance and Accounting : Volume 39
Review of Quantitative Finance and Accounting : Volume 38
Review of Quantitative Finance and Accounting : Volume 37
Review of Quantitative Finance and Accounting : Volume 36
Review of Quantitative Finance and Accounting : Volume 35
Review of Quantitative Finance and Accounting : Volume 34
Review of Quantitative Finance and Accounting : Volume 33
Review of Quantitative Finance and Accounting : Volume 32
Review of Quantitative Finance and Accounting : Volume 31
Review of Quantitative Finance and Accounting : Volume 30
Review of Quantitative Finance and Accounting : Volume 29
Review of Quantitative Finance and Accounting : Volume 28
Review of Quantitative Finance and Accounting : Volume 27
Review of Quantitative Finance and Accounting : Volume 26
Review of Quantitative Finance and Accounting : Volume 25
Review of Quantitative Finance and Accounting : Volume 24
Review of Quantitative Finance and Accounting : Volume 23
Review of Quantitative Finance and Accounting : Volume 22
Review of Quantitative Finance and Accounting : Volume 21
Review of Quantitative Finance and Accounting : Volume 20
Review of Quantitative Finance and Accounting : Volume 19
Review of Quantitative Finance and Accounting : Volume 18
Review of Quantitative Finance and Accounting : Volume 17
Review of Quantitative Finance and Accounting : Volume 16
Review of Quantitative Finance and Accounting : Volume 15
Review of Quantitative Finance and Accounting : Volume 14
Review of Quantitative Finance and Accounting : Volume 13
Review of Quantitative Finance and Accounting : Volume 12
Review of Quantitative Finance and Accounting : Volume 12, Issue 4, June 1999
Review of Quantitative Finance and Accounting : Volume 12, Issue 3, May 1999
Review of Quantitative Finance and Accounting : Volume 12, Issue 2, March 1999
Review of Quantitative Finance and Accounting : Volume 12, Issue 1, January 1999
Predicting Subsequent Management Forecasting Behavior at the Date of an Initial Public Offering
Q, Cash Flow and Investment: An Econometric Critique
Sensitivity of Systematic Risk Estimates to the Return Measurement Interval Under Serial Correlation
Firm-Theoretic Limitations on Proposition III
A Note on Perceptions of Finance Journal Quality
Review of Quantitative Finance and Accounting : Volume 11
Review of Quantitative Finance and Accounting : Volume 10
Review of Quantitative Finance and Accounting : Volume 9
Review of Quantitative Finance and Accounting : Volume 8

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Q, Cash Flow and Investment: An Econometric Critique

Content Provider Springer Nature Link
Author Baum, Christopher F. Thies, Clifford F.
Copyright Year 1999
Abstract The effects of measurement and specification error on estimates of the Q and cash flow model of investment are investigated. Two sources of error are considered: expensing of RcD expenditures and failing to identify that component of cash flow which relaxes financing constraints. We apply random-effects and instrumental variables estimators to a model that addresses these sources of error. We find that: (1) the capitalization of R& D strengthens the explanatory power of the model; (2) expected and unexpected components of cash flow have different effects; and (3) the effects of Q are much more evident in firms facing low costs of external finance.
Starting Page 35
Ending Page 48
Page Count 14
File Format PDF
ISSN 0924865X
Journal Review of Quantitative Finance and Accounting
Volume Number 12
Issue Number 1
e-ISSN 15737179
Language English
Publisher Kluwer Academic Publishers
Publisher Date 1999-01-01
Publisher Place Boston
Access Restriction One Nation One Subscription (ONOS)
Subject Keyword Econometrics Accounting/Auditing Finance /Banking Operation Research/Decision Theory
Content Type Text
Resource Type Article
Subject Finance Accounting
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