TobinQ: the Q Theory of Investment

Description Usage Format Source References See Also

Description

yearly observations of 188 from 1951 to 1985

number of observations : 6580

economic topic : macroeconomics

econometrics topic : error component

Usage

1

Format

A dataframe containing :

cusip

compustat's identifying number

year

year

isic

sic industry classification

ikb

investment divided by capital : broad definition

ikn

investment divided by capital : narrow definition

qb

tobin's Q : broad definition

qn

tobin's Q : narrow definition

kstock

capital stock

ikicb

investment divided by capital with imperfect competition : broad definition

ikicn

investment divided by capital with imperfect competition : narrow definition

omphi

one minus phi (see the article p. 320)

qicb

tobin's Q with imperfect competition : broad definition

qicn

tobin's Q with imperfect competition : narrow definition

sb

s (see equation 10 p. 320) : broad definition

sn

s (see equation 10 p. 320) : narrow definition

Source

Journal of Applied Econometrics data archive : http://jae.wiley.com/jae/.

References

Schaller, Huntley (1990) “A re-examination of the Q theory of investment using U.S. firm data”, Journal of Applied Econometrics, 5(4), 309–325.

See Also

Index.Economics, Index.Econometrics



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