What accounts for the apparent preference of firms to finance investment with internal funds?
Recent theories stress information problems in capital markets, while older theories …

Capitalstructureisone ofthemostcontentious issuesinfinance (see the Fall 1988 issue of
Journal of Economic Perspectives and the Summer 1989 issue of Financial Management). A …

This paper investigates the role incremental information content of inflation-adjusted data
plays in explaining the market value of equity and stock returns on the Istanbul Stock …

In a world with agency costs and asymmetric information, managers will have difficulty
raising external funds since they have incentives to overinvest. Stulz argues that this leads to …

Alternative measures of Tobin's q ratio based on book, imputed market, and market values of
debt are investigated with a detailed sample of 100 large US manufacturing corporations …

We examine the value relevance of inflation-adjusted (IA) and historical cost (HC) amounts
in a hyperinflationary economy. Using a unique dataset drawn from annual reports of firms …

This paper investigates the impact of inflation accounting on key financal ratios. To this end,
the financial statements of 132 companies listed in the Istanbul Stock Exchange (ISE) are …

Research by Chirinko (1987) based on aggregate macroeconomic data suggests that
Tobin's Q theory is unlikely to provide a satisfactory model of firms' capital investment …

The effects of measurement and specification error on estimates of the Q and cash flow
model of investment are investigated. Two sources of error are considered: expensing of …

Purpose This paper aims to examine whether traditional accounting information has lost its
relevance in the context of sub-Sahara Africa. Specifically, the study examines whether …