托宾

这个结果与加尼特托宾公司的调查结果一致。

This result is consistent with the findings of Garnett & Tobin

辞职的套现动机通过托宾Q理论能够很好的解释。

Cash by Tobin Q quit motivation theory can explain .

股权改革的三阶段托宾q效应

The Tobin-q Effect of Reformation of Stock Separation in Different Phases

本文对公司层次上的智力资本进行了界定，并介绍了三种评估智力资本的方法，即市场价值与账面价值比较法、托宾q法和智力资本报算法。

The bearing of this paper is the measurement of intellectual capital .

托宾Q理论、估值体系重构与并购行为新特征

Tobin Q Theory , Reconstruction of Valuation System and New Characters of Merger and Acquisition

托宾Q、增长机会与公司资本结构关系的实证研究

Empirical Study on the Relationship between Tobin 's Q , Growth Opportunities and Capital Structure of Listed Companies

第三，以托宾Q为替代的企业竞争力与平均交易费用不存在显著的负相关关系。

Thirdly , Tobin Q which substitute enterprise competitiveness has not obvious negative correlation relationship with average transaction costs .

在此基础上，用主因子对代表公司绩效的托宾Q值作多元回归分析。

These principal factors as independent variables , and Tobin Q representing company performance as dependent variables , are used in a regression analysis .

首先对现有的投资理论进行回顾，然后在经典投资模型、托宾Q模型基础上加上了现金流波动性这一指标对房地产投资行为进行解释。

First current investment theories are reviewed , and then the volatility of cash flow is added onto classic investment model and Tobin Q model .

而房地产作为我国国民经济的支柱产业，与经济的增长的关联性很大。银行信贷对房地产价格的影响可以通过托宾q效应和财富效应传导给实体经济。

While real estate is the pillar industry of national economy , it can affect the economy significantly through Tobin ' q effect and wealth effect .

财务绩效选用净资产收益率、营业利润率、每股收益为会计指标和托宾Q值为市场指标进行衡量。

Accounting indicators , such as ROE , profit margin , earnings per share , and Tobin Q value as market indicator were selected to measure Financial performance .

先介绍国外最常用的托宾Q值法，它是一种较理想的特许权价值计量方法，简单方便、易于比较。

First introduce the most commonly used abroad , Tobin Q value method , which is an ideal franchise value measurement method is simple and convenient , easy to compare .

回归结果显示，信息披露和会计标准的改善显著提高以托宾Q衡量的企业价值，但对于收益率的提高作用并不明显。

The results of regression show that information discloses and accounting criterion increase the firm value of dual listing companies , but have no significant effect on the annual return .

然后建立了多元线性回归模型，将净资产收益率和托宾Q值分别作为解释变量带入回归方程进行分析。

Then establish the model of multivariate and linear regression , bring the rate of return on net assets and Tobin ' Q to the regression analysis model as explanatory variables .

企业投资决定问题主要包括两个分支：关注企业内部决策的新古典理论和关注资本市场评价的托宾Q理论。

There are two main branches in corporate investment decision theory : neoclassical theory , which focuses the corporate internal decision , and Tobin 's Q-theory , which focuses the capital markets .

特纳建议，应该考虑对金融交易征收以经济学家詹姆斯托宾（jamestobin）命名的“托宾税”。

Lord Turner has suggested that a " Tobin tax " named after the economist James Tobin should be considered for financial transactions .

本文采用资产负债率来反映上市公司的资本结构，分别以财务综合绩效、托宾Q值和单位经济增加值指标来反映上市公司绩效。

Asset-liability ratio is used to describe the capital structure , and the General financial performance , Tobin 's Q and the EVA per capital are used to describe the firm performance respectively .

为了弥补托宾Q模型的不足，本文还采用了欧拉方程进行稳健性检验，即采用两个不同的投资模型来计算企业的非效率投资水平。

To compensate the shortage of Tobin Q Model , Euler Equation is used to conduct robustness examination . That is two different investment models are adapted to calculate companies ' non-efficient investment level .

同时，作者尝试用时机选择理论、羊群效应理论和托宾Q理论来解释牛熊市长期并购绩效的差异，发现托宾Q理论能够更好地解释这一现象。

At the same time , the author tries to apply timing theory , managerial herding theory and Tobin ' Q theory in explaining the long-term performance of M & A under different market status .

以托宾Q值为被解释变量、股权结构为解释变量，从公司治理的角度考察了股权结构对公司业绩的影响。

This paper studies the effect of ownership structure on firm performance ( FP ) from the point of corporate governance , using Tobin 's Q as dependent variable and ownership structure as independent variables .

这些衡量标准包括经过周期调整的市盈率（考虑10年期间的利润）和托宾Q比率（Tobin'sQ，比较股价与资产重置价值）。

These are the cyclically adjusted p / e ratio , which looks at profits over a ten-year period , and Tobin 's Q , which compares share prices to the replacement value of assets .

更换了高管人员的公司，高管显著提高了经营绩效，而且托宾Q值远远大于其他持续性经营指标，这说明在高管变更中企业绩效改善主要来源于市场绩效的提高和从线下项目获得。

In the corporate of controlling shareholder turnover , Tobin 's Q was larger than other sustainable operating indices and enterprises ' performance improving was the results of better market performance and items under the lines .

方差分析表明，不同产业的绩效和股权结构存在显著差异：资本密集产业的总资产收益率高于劳动和技术密集产业，而技术密集产业的托宾Q高于其他两个产业；

Analyses reveal significant difference in ownership structure and performance of varies industries . Capital - intense industry has a significantly larger ROA than labor-intense and tech-intense industries , while the latter has a larger Tobin Q .

国家层面的实证研究表明，在其他条件不变的情况下，投资者保护较好的国家的托宾Q值与现金流比要高于投资者保护差的国家。

The empirical study on the national level shows that under other invariable conditions , the ratio of Tobin Q and cash flow in countries of good investor protection is b higher than poor countries of investor protection .

在财务特征因素的实证研究部分，通过单变量分析和二元Logistic回归分析发现，上市公司的规模SIZE、资产负债率DR以及托宾Q对再融资的影响作用显著。

In the part of empirical research for financial characteristics , the univariate analysis and binary Logistic regression analysis showed that the size of listed companies SIZE , asset-liability ratio DR and the Tobin Q influence great on the refinancing .

货币政策通过股票市场传导的渠道有：托宾的q理论、财富效应渠道、非对称信息效应渠道、流动性效应渠道和狭义股票市场渠道。

The monetary policy 's channels , which are transmitted by the stock market , include Tobin 's Q theory , wealth effect channel , asymmetric information effect channel ? liquidity effect channel and narrow sense stock market channel .

实证结果表明，多元化水平与财务绩效之间存在显著的负相关，但是与用托宾Q衡量的公司价值之间不存在显著的相关性。

The results show that there is a notable negative correlation between financial performance and level of diversification , but there is no notable correlation between the enterprise value measured with Tobin ′ s Q and the level of diversification .

在20国集团（g20）要求国际货币基金组织（imf）考虑对外汇或其它金融交易课征永久性的“托宾税”后，这一设想的潜在可能赢得了更多关注。

The possibility of a permanent " Tobin tax " on foreign exchange or other financial transactions has gained more attention after the group of 20 leading nations asked the International Monetary Fund to consider the idea .

梵蒂冈在声明中强烈支持征收金融交易税的提议即“托宾税”（tobintax）、或是更为人所熟知的“罗宾汉税”（robinhoodtax），最近它一直是人们谈论的话题。

The Vatican statement strongly backs the proposal of a financial transaction tax a " Tobin tax " or , popularly , a " Robin Hood tax " in the form in which it has been talked about most recently .

其中重点分析了股票市场价格变动对投资需求产生影响的托宾q效应和对消费需求发生作用的财富效应。

As important part , the text has analyzed Tobin 's Q effect , manifesting how stock market price change have an effect to investment demand , and the wealth effect , showing how stock market price change have an effect to consumption demand .