Tech Stock Valuation: Investor Psychology and Economic Analysis

Other | September 1, 2003

byHirschey, Mark, Mark Hirschey

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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

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From the Publisher

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 ...

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

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Format:OtherDimensions:271 pages, 1 × 1 × 1 inPublished:September 1, 2003Publisher:Academic PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0080492339

ISBN - 13:9780080492339

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Table of Contents

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.