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A unified theory of Tobin's q, corporate investment, financing, and risk management

Author

Listed:
  • Neng Wang

    (Columbia, NBER, and SOF, SHUFE)

  • Hui Chen

    (MIT)

  • Patrick Bolton

    (Columbia, CEPR, NBER)

Abstract

management and derivatives play in risk management.

Suggested Citation

  • Neng Wang & Hui Chen & Patrick Bolton, 2010. "A unified theory of Tobin's q, corporate investment, financing, and risk management," 2010 Meeting Papers 609, Society for Economic Dynamics.
  • Handle: RePEc:red:sed010:609
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G35 - Financial Economics - - Corporate Finance and Governance - - - Payout Policy

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