Tech Stock Valuation : Investor Psychology and Economic Analysis PDF
by Mark Hirschey
Description
Tech Stock Valuation extends the R&D literature by providing detailed direct evidence on the market value implications of inventive and innovative output. Specifically, the text demonstrates that stock-price effects of patent output are most pronounced in the case of high-quality patents, where patent quality is measured by scientific merit.
Scientific measures of patent quality give students a valuable new tool that can be used to measure R&D program effectiveness. At the same time, it gives investors a new tool to help them assess the value of hard-to-measure intangible assets.
The book is an ideal resource for professionals working in finance and accounting; investment professionals and industry analysts who work for companies that engage in research and development; MBA students; economists working in industrial organizations, microeconomics, and contract theory.
- Provides detailed direct evidence on the market value implications of inventive and innovative output
- Based on recent research, much of which Dr. Hirschey has pioneered
- Gives financial professionals a new tool for assessing R&D quality and its relation to market valuation
Information
-
Download - Immediately Available
- Format:PDF
- Pages:271 pages
- Publisher:Elsevier Science
- Publication Date:18/09/2003
- Category:
- ISBN:9780080492339
Information
-
Download - Immediately Available
- Format:PDF
- Pages:271 pages
- Publisher:Elsevier Science
- Publication Date:18/09/2003
- Category:
- ISBN:9780080492339
