Tech Stock Valuation —— Investor Psychology and Economic Analysis

----- 科技股估值：投资者心理与经济分析

ISBN: 9780123497048 出版年：2003 页码：290 Hirschey, Mark Academic Press_RM

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 outputBased on recent research, much of which Dr. Hirschey has pioneeredGives financial professionals a new tool for assessing R&D quality and its relation to market valuation