Empirical Testing and Analysis of Tobin’s Q Theory Suitable for China’s Capital Market
Tobins Q theory put entity investment and capital market together cleverly,it is the improvement and innovation of classical economics,it also provides strong theoretical guidance and tools for us to understand the characteristics and problems of Chinas capital market and money market running comprehensively.In this paper,we use the monthly data of money supply,and HS300 index from January 2009 to December 2012 to conduct empirical research,among them we analysis two representatives of different sectors of the stock specifically.According to the sample we examined,we can draw the following conclusions: Tobin Q theory is not established under the present situation in our country,the investment of our country exist many irrational factors.
XIANGRONG WANG HONG HUANG
Financial Engineering Institute of Shandong University of Science and Technology
国际会议
2014 International Conference on Management and Engineering(CME 2014)(2014管理与工程国际会议)
上海
英文
1-9
2014-05-24（万方平台首次上网日期，不代表论文的发表时间）