The benefits of adding a cost function to Tobin’s q as an investment style on the JSE
Tobin’s q ratio employs a fundamental principle that enterprise values cannot deviate excessively from, namely the replacement value of the assets required to generate the future cashflow of the business. This ratio formed the cornerstone of this research that investigated whether an index based...
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| Language: | en |
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2015
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| Online Access: | http://hdl.handle.net/2263/45023 Geldenhuys, J. (2014). The benefits of adding a cost function to Tobin’s q as an investment style on the JSE (MBA mini-dissertation).Gordon Institute of Business Science, University of Pretoria. Retrieved from http://repository.up.ac.za/handle/2263/1818 |