Average Q, Marginal Q, and the Relation Between Ownership and Performance

Klaus Gugler, B. Burcin Yurtoglu

Publication: Scientific journalJournal articlepeer-review


Using average performance measures - as the literature does - to investigate the relation between ownership structure and performance suffers from severe drawbacks. We propose a marginal Tobin's q and argue for its superiority.
Original languageEnglish
Pages (from-to)379 - 384
JournalEconomics Letters
Issue number3
Publication statusPublished - 1 Aug 2003

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