The trouble with Q
Q theory predicts not just an absolute increase in new investment during stock market booms but a relative increase compared to buying companies on the stock market and a relative decline in new investment expenditures compared to buying companies on the stock market during a stock market decline. The facts concerning the ratio of new investment to mergers and acquisitions not only do not corroborate Q theory but would constitute strong evidence for any theory that would predict the exact opposite of what Q theory predicts.
Volume (Year): 25 (2003)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/MPKE20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/MPKE20|