The relationship between growth, profitability, and firm value
研究检验了基于价值的规划模型的预测，发现盈利能力和增长确实按预期影响股东价值，但关系是有条件的，并证明市场账面价值比和托宾q是等价的价值创造衡量指标。
Abstract This research examined predictions drawn from value‐based planning models. Results indicate that profitability and growth do influence shareholder value in the manner predicted; however, the relationships are conditional. This study also shows that, the market‐to‐book value of equity ratio and Tobin's q‐ratio are theoretically and empirically, equivalent measures of value creation.