Tech Stock Valuation
Investor Psychology and Economic Analysis
- 1st Edition - June 17, 2003
- Latest edition
- Author: Mark Hirschey
- Language: English
Tech Stock Valuation extends the R&D literature by providing detailed direct evidence on the market value implications of inventive and innovative output. Specifica… Read more
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
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.
Making Sense of the Market Environment; What Caused the Tech Bubble? Investment Advice on the Internet; A Dissertation on Tulips and AOL; The Crash of 2000-2002; Making Sense of Company Valuation; Stock-Price Effects of R&D Expenditures; Valuation Effects of Patent Quality; Goodwill Write-off Decisions; Shark Repellents and R&D; Corporate Governance and the Legal Environment.
- Edition: 1
- Latest edition
- Published: June 17, 2003
- Language: English
MH
Mark Hirschey
Mark Hirschey is the Anderson Chandler Professors of Business at the University of Kansas.
Affiliations and expertise
University of Kansas, Lawrence, U.S.A.Read Tech Stock Valuation on ScienceDirect