Tech Stock Valuation

By Mark Hirschey

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.

• Format: Hardcover
• Language: English
• ISBN: 0123497043
• ISBN13: 9780123497048
• Release Date: July 2003
• Publisher: Academic Press
• Length: 271 Pages
• Weight: 1.38 lbs.
• Dimensions: 0.9" x 6.2" x 9.2"