Home > Terms > Armenian (HY) > Ջեկմս Թոբին
Ջեկմս Թոբին
A Nobel prize-winning economist, James Tobin (1918-2002) theorized that firms would continue to invest as long as the value of their shares exceeded the replacement cost of their assets. The ratio of the market value of a firm to the net replacement cost of the firm’s assets is known as “Tobin’s Q”. If q is greater than 1, then it should pay the firm to expand, as the profit it should expect to make from its assets (reflected in the share price) exceeds the cost of the assets. If Q is less than 1, the firm would be better off selling its assets, which are worth more than shareholders currently expect the firm to earn in profit by retaining them. Tobin also gave his name to the “Tobin tax”, a (so far unimplemented) proposal to reduce speculative cross-border flows of capital by levying a small tax on foreign exchange transactions.
- Categoria gramatical: noun
- Sinónimo(s):
- Blossary:
- Actividade/ Sector: Economy
- Category: Economics
- Company: The Economist
- Produto:
- Acrónimos-abreviatura:
Outras línguas:
O que quer dizer?
Terms in the News
Featured Terms
սեր
Ուժեղ հոգատարություն մեկ այլ անձի հանդեպ: Դա լինում է շատ ձևերով: Կարող է լինել սեր ռոմանտիկ սիրահար զույգերի, մտերիմ ընկերների, ծնողների և երեխաների, ...
Contribuidor
Featured blossaries
jchathura
0
Terms
3
Glossários
0
Followers
Sri Lankan Traditional paintings
Browers Terms By Category
- Digital Signal Processors (DSP)(1099)
- Test equipment(1007)
- Semiconductor quality(321)
- Silicon wafer(101)
- Components, parts & accessories(10)
- Process equipment(6)
Semiconductors(2548) Terms
- Yachting(31)
- Ship parts(4)
- Boat rentals(2)
- General sailing(1)
Sailing(38) Terms
- SAT vocabulary(5103)
- Colleges & universities(425)
- Teaching(386)
- General education(351)
- Higher education(285)
- Knowledge(126)
Educação(6837) Terms
- General law(5868)
- Contracts(640)
- Patent & trademark(449)
- Legal(214)
- US law(77)
- European law(75)
Law(7373) Terms
- Industrial lubricants(657)
- Cranes(413)
- Laser equipment(243)
- Conveyors(185)
- Lathe(62)
- Welding equipment(52)