| Applied & Financial Mathematics |
|
|
|
|
| The Q theory of investment, the capital asset pricing model, and asset valuation: a synthesis |
| MCDONALD John F. |
| College of Business Administration, University of Illinois at Chicago, Chicago, USA |
|
|
|
Abstract 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.
|
|
Received: 23 February 2004
|
|
|
|
Viewed |
|
|
|
Full text
|
|
|
|
|
Abstract
|
|
|
|
|
Cited |
|
|
|
|
| |
Shared |
|
|
|
|
| |
Discussed |
|
|
|
|
