DocumentCode
2078486
Title
Notice of Retraction
Calculating Tobin´s Q of China Listed Companies
Author
Jiangju Xu ; Xiaojun Shi
Author_Institution
Sch. of Econ. & Manage., Beijing Univ. of Aeronaut. & Astronaut., Beijing, China
fYear
2009
fDate
20-22 Sept. 2009
Firstpage
1
Lastpage
4
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Tobin´s Q is an important indicator of company value. Different methods for calculating fixed asset replacement costs might cause deviation between estimation value and actual value of Q ratio. This article compares Tobin´s Q ratios with fixed asset replacement costs calculating by three different methods. Empirical analysis is done. We derive the conclusion that Tobin´s Q ratio with fixed asset replacement costs calculating by Vintage Structure Method can better reflect the investment value of companies in China.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Tobin´s Q is an important indicator of company value. Different methods for calculating fixed asset replacement costs might cause deviation between estimation value and actual value of Q ratio. This article compares Tobin´s Q ratios with fixed asset replacement costs calculating by three different methods. Empirical analysis is done. We derive the conclusion that Tobin´s Q ratio with fixed asset replacement costs calculating by Vintage Structure Method can better reflect the investment value of companies in China.
Keywords
commerce; China listed companies; Tobin Q; fixed asset replacement cost; vintage structure method; Asset management; Books; Costs; Economic indicators; Environmental economics; Fluctuations; Investments; Merchandise; Partial response channels; State estimation;
fLanguage
English
Publisher
ieee
Conference_Titel
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location
Wuhan
Print_ISBN
978-1-4244-4638-4
Type
conf
DOI
10.1109/ICMSS.2009.5301234
Filename
5301234
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