Behr, Andreas - In: Journal of Economics and Statistics (Jahrbuecher fuer … 225 (2005) 1, pp. 2-21
We analyse the investment behavior of German firms within the framework of the Q-theory. Because we use anonymous … individual firm balance sheet data, no stock market measure of Q is available. The data set contains 1,342 manufacturing firms … covering the period 1987 to 1998. Using the approach of Abel&Blanchard and Gilchrist&Himmelberg, a measure of Q is derived …