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Journal of Zhejiang University SCIENCE A
ISSN 1673-565X(Print), 1862-1775(Online), Monthly
2004 Vol.5 No.5 P.499-508
The Q theory of investment, the capital asset pricing model, and asset valuation: a synthesis
Abstract: The paper combines Tobin's Q theory of real investment with the capital asset pricing model to produce a new and relatively simple procedure for the valuation of real assets using the income approach. Applications of the new method are provided.
Key words: Investment theory, Asset pricing, Appraisal
References:
Open peer comments: Debate/Discuss/Question/Opinion
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DOI:
10.1631/jzus.2004.0499
CLC number:
F832.48
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Received:
2004-02-23
Revision Accepted:
2004-03-06
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