Tobin's Q as a measure of airline performance.
This is a performance study of the global airlines industry using Tobin's q. We attempt to establish both theoretically and empirically that q is a superior financial performance measure over other commonly used financial ratios. We also find a significant relationship between q and operational...
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| 格式: | Final Year Project |
| 出版: |
2008
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| 在線閱讀: | http://hdl.handle.net/10356/11123 |
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| 總結: | This is a performance study of the global airlines industry using Tobin's q. We attempt to establish both theoretically and empirically that q is a superior financial performance measure over other commonly used financial ratios. We also find a significant relationship between q and operational profitability and yield. |
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