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Tech Stock Valuation: Investor Psychology and Economic Analysis

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Tech Stock Valuation: Investor Psychology and Economic Analysis - Hirschey, Mark
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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 ...

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Tech Stock Valuation: Investor Psychology and Economic Analysis 2003, Academic Press, Amsterdam, Netherlands

ISBN-13: 9780123497048

Hardcover