Eberly, Janice C. (contributor); Rebelo, Sérgio (contributor) - 2008
su� cient statistic for deter-
mining a �rm�s investment decision, has been often rejected because cash-
�ow and lagged … that Tobin�s
Q is a su� cient statistic for determining a �rm�s investment decision. This im-
plication has often been …