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Tech stock valuation : investor psychology and economic analysis /

The contribution of research and development to a company's market value has grown considerably in recent years. In the mid-1970s, accountants were able to capture on their ledgers 90-95% of a firm's book value, but by 2000 the importance of intangible assets had grown to the point where t...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Hirschey, Mark
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Amsterdam ; Boston : Academic Press, �2003.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Hirschey, Mark. 
245 1 0 |a Tech stock valuation :  |b investor psychology and economic analysis /  |c Mark Hirschey. 
260 |a Amsterdam ;  |a Boston :  |b Academic Press,  |c �2003. 
300 |a 1 online resource (xvii, 271 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
520 |a The contribution of research and development to a company's market value has grown considerably in recent years. In the mid-1970s, accountants were able to capture on their ledgers 90-95% of a firm's book value, but by 2000 the importance of intangible assets had grown to the point where they could account for only 13-15%. Financial economists and accountants have investigated the link between a firm's market value and its R & D spending, and various factions advocate a variety of positions on the amount and rate of investment, investors' ability to capture returns on that investment, and ways to measure value, investment, and returns. '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 book demonstrates that stock-price effects of patent output are most pronounced in the case of of high-quality patents, where patent quality is measured by scientific merit. Scientific measures of patent quality give tech stock investors and R & D managers 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. *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. 
505 0 |a Making Sense of the Market Environment; What Caused the Tech Bubble? Investment Advice on the Internet; A Dissertation on Tulips and AOL; The Crash of 2000-2002; Making Sense of Company Valuation; Stock-Price Effects of R & D Expenditures; Valuation Effects of Patent Quality; Goodwill Write-off Decisions; Shark Repellents and R & D; Corporate Governance and the Legal Environment. 
504 |a Includes bibliographical references and index. 
588 0 |a Print version record. 
546 |a English. 
650 0 |a Investments  |x Psychological aspects. 
650 0 |a Corporations  |x Valuation. 
650 0 |a High technology industries  |x Valuation. 
650 6 |a Investissements  |0 (CaQQLa)201-0004448  |x Aspect psychologique.  |0 (CaQQLa)201-0373794 
650 6 |a Soci�et�es  |x �Evaluation.  |0 (CaQQLa)201-0052790 
650 6 |a Industries de pointe  |0 (CaQQLa)201-0121570  |x �Evaluation.  |0 (CaQQLa)201-0379188 
650 7 |a BUSINESS & ECONOMICS  |x Investments & Securities  |x Stocks.  |2 bisacsh 
650 7 |a Corporations  |x Valuation  |2 fast  |0 (OCoLC)fst00879963 
650 7 |a High technology industries  |x Valuation  |2 fast  |0 (OCoLC)fst00956473 
650 7 |a Investments  |x Psychological aspects  |2 fast  |0 (OCoLC)fst00978283 
650 1 7 |a Beleggingen.  |2 gtt 
650 1 7 |a Psychologische aspecten.  |2 gtt 
650 1 7 |a Waardering.  |2 gtt 
776 0 8 |i Print version:  |a Hirschey, Mark.  |t Tech stock valuation.  |d Amsterdam ; Boston : Academic Press, �2003  |z 0123497043  |z 9780123497048  |w (DLC) 2003105616  |w (OCoLC)52700908 
856 4 0 |u https://sciencedirect.uam.elogim.com/science/book/9780123497048  |z Texto completo