Holmes, Mark J.; Maghrebi, Nabil - In: Studies in Economics and Finance 32 (2015) 2, pp. 222-234
Purpose – The purpose of this study is to investigate nonlinearities in the behavior of investment expenditure …. Conventional wisdom suggests that Tobin’s Q criterion is an important explanation of investment behaviour that bridges the … business investment is rather weak. We answer a number of questions about the relationship between investment expenditure and Q …