全球智库信息集成服务系统(G2TT): Firm Value, Risk, and Growth Opportunities

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w7808
来源ID	Working Paper 7808
	Firm Value, Risk, and Growth Opportunities
	Hyun-Han Shin; Rene M. Stulz
发表日期	2000-07-01
出版年	2000
语种	英语
摘要	We show that Tobin's q, as proxied by the ratio of the firm's market value to its book value, increases with the firm's systematic equity risk and falls with the firm's unsystematic equity risk. Further, an increase in the firm's total equity risk is associated with a fall in q. The negative relation between the change in total risk and the change in q is robust through time for the whole sample, but it does not hold for the largest firms.
主题	Financial Economics ; Corporate Finance
URL	https://www.nber.org/papers/w7808
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/565380
推荐引用方式 GB/T 7714	Hyun-Han Shin,Rene M. Stulz. Firm Value, Risk, and Growth Opportunities. 2000.