Tech Stock Valuation: Investor Psychology and Economic Analysis - Rilegato

Hirschey, Mark

Rilegato

ISBN 10: 0123497043 ISBN 13: 9780123497048

Casa editrice: Academic Pr, 2003

Riassunto

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

Su questo libro

Recensione:

"The impact of the highly variable capital market conditions--such as we saw during the late 1960s, the mid 1980s, and the late 1990s--on the evolution of high-technology industries remains little understood, but is critically important to the future growth of the U.S. economy. Tech Stock Valuation takes an initial look at some of these very important but complex issues." --Josh Lerner, Jacob H. Schiff Professor of Investment Banking, Harvard Business School, Boston, Massachusetts, U.S.A.

L'autore:

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

Su questa edizione

• Editore: Academic Pr
• Data di pubblicazione: 2003
• ISBN 10: 0123497043
• ISBN 13: 9780123497048
• Rilegatura: Copertina rigida
• Numero di pagine: 271