Search the World's Largest Database of Information Science & Technology Terms & Definitions
InfInfoScipedia LogoScipedia
A Free Service of IGI Global Publishing House
Below please find a list of definitions for the term that
you selected from multiple scholarly research resources.

What is Tobin Q

Chapter 23
Handbook of Research on Driving Competitive Advantage through Sustainable, Lean, and Disruptive Innovation
Tobin Q is an indicator for measuring business performance. It represents the ratio of the organisation equity market value to its equity book value. For stock listed organisations the equity market value is usually measured as the value of number of the organisation market shares listed in the stock market multiplied by total shares’ value ( Smithers & Wright, 2000 ).
Published in Chapter:
The Effect of Organizational Slack on Innovation Performance: An Empirical Study of High-Tech Industry in China
Qiuyue Pan (Zhejiang University, China), Jiang Wei (Zhejiang University, China), and Latif Al-Hakim (University of South Australia, Australia)
Copyright: © 2016 |Pages: 31
DOI: 10.4018/978-1-5225-0135-0.ch023
Abstract
To compete through disruptive innovation, organisations allocate part of its resources as a buffer to support its capability of disruptiveness or to face challenges created by competitors. These resources could be in terms of human resources, technology, equipment, information and/or financial resources. Literature refers to the buffer of resources as organisational slack. This research considers high-tech industry in China and investigates the relationship between the characteristics of the organisation's governance body, organisational slack and innovation performance. Data required by our research were obtained from various national databases available in the library of Zhejiang University. Data from 233 high-tech organisations listed in Chinese stock market were analysed. The results indicate that the interaction of the organisational slack of an organisation with various characteristics of the governance body partially moderates the innovation performance.
Full Text Chapter Download: US $37.50 Add to Cart
eContent Pro Discount Banner
InfoSci OnDemandECP Editorial ServicesAGOSR