托宾模型
- 网络Tobin model;tobit model
托宾模型-
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 .
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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 .