Mark Hirschey

Tech Stock Valuation (eBook, PDF)

Investor Psychology and Economic Analysis

• Format: PDF

Produktbeschreibung

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

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Produktdetails

• Verlag: Elsevier Science & Techn.
• Seitenzahl: 271
• Erscheinungstermin: 18. September 2003
• Englisch
• ISBN-13: 9780080492339
• Artikelnr.: 38117193

Autorenporträt

Mark Hirschey is the Anderson Chandler Professors of Business at the University of Kansas.