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    Tech Stock Valuation: Investor Psychology and Economic Analysis
    Tech Stock Valuation: Investor Psychology and Economic Analysis
    Tech Stock Valuation: Investor Psychology and Economic Analysis
    Ebook210 pages6 hours

    Tech Stock Valuation: Investor Psychology and Economic Analysis

    By Mark Hirschey

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    About this ebook

    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
    LanguageEnglish
    PublisherAcademic Press
    Release dateSep 18, 2003
    ISBN9780080492339
    Tech Stock Valuation: Investor Psychology and Economic Analysis
    Author

    Mark Hirschey

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

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