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Tech Stock Valuation

Investor Psychology and Economic Analysis

  • 1st Edition - June 17, 2003
  • Author: Mark Hirschey
  • Language: English
  • Hardback ISBN:
    9 7 8 - 0 - 1 2 - 3 4 9 7 0 4 - 8
  • eBook ISBN:
    9 7 8 - 0 - 0 8 - 0 4 9 2 3 3 - 9

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

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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.