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.
- ISBN10 6611005269
- ISBN13 9786611005269
- Publish Date 17 June 2003 (first published 1 January 2003)
- Publish Status Active
- Out of Print 1 August 2012
- Publish Country US
- Imprint Elsevier Science & Technology
- Format eBook
- Pages 271
- Language English