Mendieta-Muñoz, Ivan - 2024
We study the time-varying effects of Tobin's q and cash flow on investment dynamics in the USA using a vector … shock in Tobin's q (cash flow) decreased (increased) since the early 1960s through the early 1980s, increased (decreased … show that, although Tobin's q and cash flow are complementary sources of information for investment decisions, their …