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.
Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.
Mark Hirschey is the Anderson Chandler Professors of Business at the University of Kansas.
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
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