Academic literature on the topic 'Modified Tobin's Q'

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Journal articles on the topic "Modified Tobin's Q"

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Lee, Darrell E., and James G. Tompkins. "A Modified Version of the Lewellen and Badrinath Measure of Tobin's Q." Financial Management 28, no. 1 (1999): 20. http://dx.doi.org/10.2307/3666114.

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WINARTA, SHEVIN, IRENE NATALIA, and DEDHY SULISTIAWAN. "MANAJEMEN LABA, TATA KELOLA DAN NILAI PERUSAHAAN." Jurnal Bisnis dan Akuntansi 23, no. 1 (2021): 133–44. http://dx.doi.org/10.34208/jba.v23i1.897.

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The purpose of this study is to empirically determine the effect of earnings management and corporate governance practices on firm value. Modified Jones-based discretionary accruals are used as a proxy for earnings management. Firm value is measured by Tobin's Q and corporate governance is evaluated by independent commissioners, managerial ownership, institutional ownership, and auditor reputation. The study uses companies listed in Indonesia Stock Exchange for the 2017-2019 period. The main findings indicate that earnings management has a positive effect on firm value and institutional owners
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Rahcmatulloh, Redho, and Eddy Suranta. "The Effect of Environmental, Social, and Governance (ESG) on Firm Performance With Earnings Management As a Moderation: Empirical Evidence Around COVID–19." Ilomata International Journal of Tax and Accounting 4, no. 4 (2023): 846–62. http://dx.doi.org/10.52728/ijtc.v4i4.937.

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The primary goal of this research is to elucidate the influence of Environmental, Social, and Corporate Governance (ESG) performance on a company's overall performance. The research employs the ESG level as the independent variable for evaluation, which is the novelty of the study. The performance of the corporation is evaluated using various indicators, including financial performance (ROA), profitability (ROE), and Tobin's Q, which are regarded as reliant variables. Additionally, the study introduces the Modified by Jones Model of earnings management as a moderating factor. The analytical ap
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Heling, Pui, and Hexana Sri Lastanti. "The Influence of Financial Distress, Earnings Management, and Financial Performance on Firm Value with Good Corporate Governance as a Moderating Variable." Eduvest - Journal of Universal Studies 4, no. 10 (2024): 9375–93. http://dx.doi.org/10.59188/eduvest.v4i10.1494.

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This study examines the influence of financial distress, earnings management, and profitability on firm value, with good corporate governance (institutional ownership) as a moderating variable. Focusing on infrastructure sector companies listed on the Indonesia Stock Exchange from 2019 to 2023, this research employs Tobin's Q to measure firm value, the Altman Z-Score for financial distress, the modified Jones model for earnings management, and Return on Assets (ROA) for profitability. The findings reveal that profitability positively and significantly affects firm value, while financial distre
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Junaidi, Riky Rizki, and Agus Maulana. "Corporate Social Responsibility (CSR) on Company Value: The Moderating Role of Earnings Management." Journal of Applied Accounting and Taxation 10, no. 1 (2025): 39–49. https://doi.org/10.30871/jaat.v10i1.8649.

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This study aims to analyze the effect of corporate social responsibility on firm value by considering earnings management as a moderator based on ethical theory. The research method used was content analysis of the company's annual reports to measure corporate social responsibility. Earnings management was measured using the modified Jones model, and firm value was measured by Tobin's Q. The sample of this research is manufacturing companies listed on the Indonesia Stock Exchange in the period 2020-2022. Data was collected from the company's annual report and the company's website, while finan
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Larasati, Reiza Aulia, and Hersugondo. "PERAN MODERASI MANAJEMEN LABA PADA PENGARUH CORPORATE SOCIAL RESPONSIBILITY (CSR) TERHADAP KINERJA PERUSAHAAN." Jurnal Muara Ilmu Ekonomi dan Bisnis 8, no. 2 (2024): 341–54. https://doi.org/10.24912/jmieb.v8i2.30096.

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Aktivitas CSR adalah bagian dari tanggung jawab etis serta penciptaan nilai bagi para pemangku kepentingan suatu perusahaan. Tujuan dari studi ini ialah mengukur pengaruh CSR pada kinerja perusahaan, dengan melibatkan manajemen laba sebagai moderator. Sampel studi ini yaitu 59 perusahaan yang tercatat dalam Bursa Efek Indonesia tahun 2017-2022, sehingga menghasilkan sejumlah 354 observasi penelitian. Variabel terikat penelitian yaitu kinerja perusahaan digambarkan menggunakan tiga jenis kinerja yang meliputi kinerja operasional (ROA), kinerja keuangan (ROE), serta kinerja pasar (Tobin’s Q). Va
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Bunadi, Siti Nurkholifah, and Tarjo Tarjo. "PERAN EARNINGS MANAGEMENT DALAM MEMODERASI CORPORATE SOCIAL RESPONSIBILITY DAN FINANCIAL PERFORMANCE." Jurnal Bisnis dan Akuntansi 24, no. 1 (2022): 71–86. http://dx.doi.org/10.34208/jba.v24i1.1158.

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The purpose of this study is to examine the effect of CSR on financial performance and the effect of earnings management on moderating the relationship between CSR and financial performance. Financial performance variable is proxied using Tobin's Q and ROA. Discretionary accruals with the Modified Jones model are used as a proxy for earnings management practices. The researcher uses secondary data from the company's annual report for the 2015-2019 period. Research with the population of all manufacturing companies listed on the Indonesia Stock Exchange in 2015-2019. Purposive sampling method i
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Krisyanti, Oktafiaya, and Barlia Annis Syahzuni. "DAMPAK PENGHINDARAN PAJAK, UKURAN PERUSAHAAN DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN." Jurnal Riset Akuntansi Politala 8, no. 2 (2025): 319–32. https://doi.org/10.34128/jra.v8i2.557.

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Research to examine the implications of independent variables, including tax avoidance, entity size, and profitability on firm value as a dependent variable. The focus of the research data is on food and beverage sub-sector entities on the Indonesia Stock Exchange for the 2020-2023 period. The research population includes 94 entities, with the number of samples that meet the research criteria of 30 entities or 120 data. The proxies used in the research variables are tax avoidance using the ETR-CETR proxy, entity size using the Ln total assets proxy, profitability using the ROE proxy and firm v
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Isiaka, Taiwo Muideen, Apedzan Emmanuel Kighir, and Ismaila Yusuf. "Impact of Discretionary Accrual Earnings Management on Firm Value of Listed Consumer Goods Firms in Nigeria." FUDMA Journal of Accounting and Finance Research [FUJAFR] 3, no. 1 (2025): 92–106. https://doi.org/10.33003/fujafr-2025.v3i1.161.92-106.

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This study examined the impact of discretionary accrual earnings management on the firm value of listed consumer goods firms in Nigeria. The study adopted a longitudinal panel research design, selecting a sample of sixteen (16) firms through a purposive sampling technique from the population of twenty-one consumer goods firms listed in the Nigerian Exchange Group (NGX) as of 31st December 2022. Earnings management was proxied using the absolute value of discretionary accruals via a modified Jones model, while Tobin's Q ratio served as the measure for firm value. Data spanning 2013 to 2022 was
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Sulistiani, Nadifa Tyas, Wita Ramadhanti, and Christina Tri Setyorini. "The Influence of Financial Performance and CSR on Company Value with Earnings Management as a Mediating Variable." Ratio : Reviu Akuntansi Kontemporer Indonesia 5, no. 1 (2024): 1. https://doi.org/10.30595/ratio.v5i1.19683.

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This research aims to determine financial and CSR performance on firm value with earning management as a mediating variable. This study examined manufacturing companies that were listed on the Indonesia Stock Exchange (BEI) between 2018-2022. The variables in this research include endogenous variables which is company value as measured by Tobin's Q indicator; exogenous variable which isf financial performance according to the total Asset Turnover Ratio and Return on Assets and CSR as measured by the GRI Standard; and earning management that measured by Modified Jones Model as mediating variabl
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Dissertations / Theses on the topic "Modified Tobin's Q"

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Graham, Martin. "Measuring a firm's economic profitability : a study of the measurement of a firm's economic profitability with proposals for, and evaluations of, an ex post measure, return on total capital employed (ROTCE), and an ex ante measure, a modified version of Tobin's q (modq) employing current earnings in lieu of capital employed." Thesis, Loughborough University, 1994. https://dspace.lboro.ac.uk/2134/7268.

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Despite its significance for industrial economics, utility regulation and competition policy, the measurement of the economic profitability of a firm remains a relatively underresearched area. The difference between the Accounting Rate of Return (ARR), measured on a net replacement cost or current cost basis, and a firm's estimated risk adjusted cost of capital is favoured by many economic researchers and is widely employed in utility regulation, but strong claims have been made for Tobin's q (q - the ratio of the market value of a firm's securities to the cost of replicating the firm, often i
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Gellerman, Emil, and Boer Aukje de. "The effect of busy boards on Tobin's Q in Swedish firms : studying firm size and ownership concentration as potential modifiers." Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-297738.

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Increasingly there is debate concerning the number of board memberships a person can hold before loss of quality in their work. Previous research has not reached consensus regarding the effect of busy directors on firm performance. We therefore hypothesize there are modifying factors affecting that relationship, namely firm size and the presence of concentrated ownership. We designed a quantitative study to study first the effect of busyness on firm performance in Swedish listed companies, and secondly, to study the effect of the modifying factors on that relationship. It was found that busyne
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