The growth companies puzzle: can growth opportunities measures predict firm growth?
نویسندگان
چکیده
منابع مشابه
Firm value, risk, and growth opportunities
We show that Tobin's q, as proxied by the ratio of the firm's market value to its book value, increases with the firm's systematic equity risk and falls with the firm's unsystematic equity risk. Further, an increase in the firm's total equity risk is associated with a fall in q. The negative relation between the change in total risk and the change in q is robust through time for the whole sampl...
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Certain recently reported statistical regularities relating to the dispersion of firms' growth rates have begun to attract attention among IO economists. These relationships take the form of power law or scaling relationships and this has led to suggestions that the underlying mechanisms which drive these relationships may have some interesting analogies with the mechanisms which drive scaling ...
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A public firms exploit their growth opportunities following their initial public offering, their assets in place increase, and they organize themselves optimally to operate these assets efficiently, which requires a more formal and less flexible organization than to generate new growth opportunities. Our theory predicts that, as a result of these inflexibilities, firms fail to fully replace the...
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مطالعات قبلی بازار بیمه را به صورت کلی در نظر می گرفتند اما در این مطالعه صنعت بیمه به عنوان متغیر مستفل به بیمه های زندگی و غیر زندگی شکسته شده و هم چنین بیمه های زندگی به رشته های مختلف بیمه ای که در بازار بیمه ایران سهم قابل توجهی دارند تقسیم میشود. با استفاده از روشهای اقتصاد سنجی داده های برای دوره های 48-89 از مراکز ملی داده جمع آوری شد سپس با تخمین مدل خود بازگشتی برداری همراه با تعدادی ...
15 صفحه اولClassification of Growth Opportunities for Brazilian Companies by Sector
We delimit a classification matrix of companies formed by four quadrants, defined by the Present Value of Growth Opportunities and by the Naïve Net Present Value. Market data relative to companies that have stock negotiated on the Brazilian stock exchange (the São Paulo Stock Exchange Bovespa) for the years 2005 and 2006 were utilized. The retail, textile, iron and steel, and metallurgy, petrol...
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ژورنال
عنوان ژورنال: The European Journal of Finance
سال: 2011
ISSN: 1351-847X,1466-4364
DOI: 10.1080/13518470903448432