Tech Stock Valuation
Investor Psychology and Economic Analysis

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Language: English
Cover of the book Tech Stock Valuation

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271 p. · 15x22.8 cm · Hardback
Out of Print

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.

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