Erickson, Timothy; Whited, Toni M. - In: Financial Management 35 (2006) 3, pp. 5-33
Tobin's q is widely accepted as a proxy for an underlying "true" q, which is assumed to characterize a firm's incentive to invest. Researchers have developed numerous methods for computing q. This article assesses the measurement quality of different proxies for q. We adapt the measurement-error...