Tech stock valuation: investor psychology and economic analysis
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Amsterdam
Academic Press
c2003
|
| Schlagwörter: | |
| Links: | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=104705 http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=104705 http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=104705 |
| Beschreibung: | The contribution of research and development to a company's market value has grown considerably in recent years. In the mid-1970s, accountants were able to capture on their ledgers 90-95% of a firm's book value, but by 2000 the importance of intangible assets had grown to the point where they could account for only 13-15%. Financial economists and accountants have investigated the link between a firm's market value and its R & D spending, and various factions advocate a variety of positions on the amount and rate of investment, investors' ability to capture returns on that investment, and ways to measure value, investment, and returns. '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 book demonstrates that stock-price effects of patent output are most pronounced in the case of of high-quality patents, where patent quality is measured by scientific merit. Scientific measures of patent quality give tech stock investors and R & D managers 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. *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 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 Includes bibliographical references and index |
| Umfang: | 1 Online-Ressource (xvii, 271 p.) |
| ISBN: | 0123497043 1429478705 9780123497048 9781429478700 |
Internformat
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV043044122 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 151123s2003 xx o|||| 00||| eng d | ||
| 020 | |a 0123497043 |9 0-12-349704-3 | ||
| 020 | |a 1429478705 |c electronic bk. |9 1-4294-7870-5 | ||
| 020 | |a 9780123497048 |9 978-0-12-349704-8 | ||
| 020 | |a 9781429478700 |c electronic bk. |9 978-1-4294-7870-0 | ||
| 035 | |a (OCoLC)213298441 | ||
| 035 | |a (DE-599)BVBBV043044122 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-1046 |a DE-1047 | ||
| 082 | 0 | |a 332.63/221 |2 22 | |
| 100 | 1 | |a Hirschey, Mark |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Tech stock valuation |b investor psychology and economic analysis |c Mark Hirschey |
| 264 | 1 | |a Amsterdam |b Academic Press |c c2003 | |
| 300 | |a 1 Online-Ressource (xvii, 271 p.) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 500 | |a The contribution of research and development to a company's market value has grown considerably in recent years. In the mid-1970s, accountants were able to capture on their ledgers 90-95% of a firm's book value, but by 2000 the importance of intangible assets had grown to the point where they could account for only 13-15%. Financial economists and accountants have investigated the link between a firm's market value and its R & D spending, and various factions advocate a variety of positions on the amount and rate of investment, investors' ability to capture returns on that investment, and ways to measure value, investment, and returns. '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 book demonstrates that stock-price effects of patent output are most pronounced in the case of of high-quality patents, where patent quality is measured by scientific merit. Scientific measures of patent quality give tech stock investors and R & D managers 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. *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 | ||
| 500 | |a 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 | ||
| 500 | |a Includes bibliographical references and index | ||
| 650 | 7 | |a BUSINESS & ECONOMICS / Investments & Securities / Stocks |2 bisacsh | |
| 650 | 7 | |a Beleggingen |2 gtt | |
| 650 | 7 | |a Psychologische aspecten |2 gtt | |
| 650 | 7 | |a Waardering |2 gtt | |
| 650 | 7 | |a Corporations / Valuation |2 fast | |
| 650 | 7 | |a High technology industries / Valuation |2 fast | |
| 650 | 7 | |a Investments / Psychological aspects |2 fast | |
| 650 | 4 | |a Psychologie | |
| 650 | 4 | |a Wirtschaft | |
| 650 | 4 | |a Investments |x Psychological aspects | |
| 650 | 4 | |a Corporations |x Valuation | |
| 650 | 4 | |a High technology industries |x Valuation | |
| 650 | 0 | 7 | |a Spitzentechnologie |0 (DE-588)4124236-1 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Wirtschaftspsychologie |0 (DE-588)4066506-9 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Industrie |0 (DE-588)4026779-9 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Anlageverhalten |0 (DE-588)4214003-1 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Überreaktionseffekt |0 (DE-588)4371817-6 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Investitionsverhalten |0 (DE-588)4114046-1 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Unternehmensbewertung |0 (DE-588)4078594-4 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Aktienbewertung |0 (DE-588)4000933-6 |2 gnd |9 rswk-swf |
| 651 | 7 | |a USA |0 (DE-588)4078704-7 |2 gnd |9 rswk-swf | |
| 689 | 0 | 0 | |a USA |0 (DE-588)4078704-7 |D g |
| 689 | 0 | 1 | |a Spitzentechnologie |0 (DE-588)4124236-1 |D s |
| 689 | 0 | 2 | |a Industrie |0 (DE-588)4026779-9 |D s |
| 689 | 0 | 3 | |a Unternehmensbewertung |0 (DE-588)4078594-4 |D s |
| 689 | 0 | 4 | |a Aktienbewertung |0 (DE-588)4000933-6 |D s |
| 689 | 0 | 5 | |a Anlageverhalten |0 (DE-588)4214003-1 |D s |
| 689 | 0 | 6 | |a Überreaktionseffekt |0 (DE-588)4371817-6 |D s |
| 689 | 0 | |8 1\p |5 DE-604 | |
| 689 | 1 | 0 | |a Unternehmensbewertung |0 (DE-588)4078594-4 |D s |
| 689 | 1 | 1 | |a Investitionsverhalten |0 (DE-588)4114046-1 |D s |
| 689 | 1 | 2 | |a Wirtschaftspsychologie |0 (DE-588)4066506-9 |D s |
| 689 | 1 | |8 2\p |5 DE-604 | |
| 856 | 4 | 0 | |u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=104705 |x Aggregator |3 Volltext |
| 912 | |a ZDB-4-EBA | ||
| 883 | 1 | |8 1\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
| 883 | 1 | |8 2\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-028468659 | |
| 966 | e | |u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=104705 |l DE-1046 |p ZDB-4-EBA |q FAW_PDA_EBA |x Aggregator |3 Volltext | |
| 966 | e | |u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=104705 |l DE-1047 |p ZDB-4-EBA |q FAW_PDA_EBA |x Aggregator |3 Volltext | |
Datensatz im Suchindex
| _version_ | 1818981131544952832 |
|---|---|
| any_adam_object | |
| author | Hirschey, Mark |
| author_facet | Hirschey, Mark |
| author_role | aut |
| author_sort | Hirschey, Mark |
| author_variant | m h mh |
| building | Verbundindex |
| bvnumber | BV043044122 |
| collection | ZDB-4-EBA |
| ctrlnum | (OCoLC)213298441 (DE-599)BVBBV043044122 |
| dewey-full | 332.63/221 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.63/221 |
| dewey-search | 332.63/221 |
| dewey-sort | 3332.63 3221 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>05412nam a2200805zc 4500</leader><controlfield tag="001">BV043044122</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">151123s2003 xx o|||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">0123497043</subfield><subfield code="9">0-12-349704-3</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1429478705</subfield><subfield code="c">electronic bk.</subfield><subfield code="9">1-4294-7870-5</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9780123497048</subfield><subfield code="9">978-0-12-349704-8</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781429478700</subfield><subfield code="c">electronic bk.</subfield><subfield code="9">978-1-4294-7870-0</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)213298441</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV043044122</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-1046</subfield><subfield code="a">DE-1047</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332.63/221</subfield><subfield code="2">22</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Hirschey, Mark</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Tech stock valuation</subfield><subfield code="b">investor psychology and economic analysis</subfield><subfield code="c">Mark Hirschey</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Amsterdam</subfield><subfield code="b">Academic Press</subfield><subfield code="c">c2003</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (xvii, 271 p.)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">The contribution of research and development to a company's market value has grown considerably in recent years. In the mid-1970s, accountants were able to capture on their ledgers 90-95% of a firm's book value, but by 2000 the importance of intangible assets had grown to the point where they could account for only 13-15%. Financial economists and accountants have investigated the link between a firm's market value and its R & D spending, and various factions advocate a variety of positions on the amount and rate of investment, investors' ability to capture returns on that investment, and ways to measure value, investment, and returns. '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 book demonstrates that stock-price effects of patent output are most pronounced in the case of of high-quality patents, where patent quality is measured by scientific merit. Scientific measures of patent quality give tech stock investors and R & D managers 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. *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</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">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</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references and index</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS / Investments & Securities / Stocks</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Beleggingen</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Psychologische aspecten</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Waardering</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Corporations / Valuation</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">High technology industries / Valuation</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Investments / Psychological aspects</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Psychologie</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Wirtschaft</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Investments</subfield><subfield code="x">Psychological aspects</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Corporations</subfield><subfield code="x">Valuation</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">High technology industries</subfield><subfield code="x">Valuation</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Spitzentechnologie</subfield><subfield code="0">(DE-588)4124236-1</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Wirtschaftspsychologie</subfield><subfield code="0">(DE-588)4066506-9</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Industrie</subfield><subfield code="0">(DE-588)4026779-9</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Anlageverhalten</subfield><subfield code="0">(DE-588)4214003-1</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Überreaktionseffekt</subfield><subfield code="0">(DE-588)4371817-6</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Investitionsverhalten</subfield><subfield code="0">(DE-588)4114046-1</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Unternehmensbewertung</subfield><subfield code="0">(DE-588)4078594-4</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Aktienbewertung</subfield><subfield code="0">(DE-588)4000933-6</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">USA</subfield><subfield code="0">(DE-588)4078704-7</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">USA</subfield><subfield code="0">(DE-588)4078704-7</subfield><subfield code="D">g</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Spitzentechnologie</subfield><subfield code="0">(DE-588)4124236-1</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Industrie</subfield><subfield code="0">(DE-588)4026779-9</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="3"><subfield code="a">Unternehmensbewertung</subfield><subfield code="0">(DE-588)4078594-4</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="4"><subfield code="a">Aktienbewertung</subfield><subfield code="0">(DE-588)4000933-6</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="5"><subfield code="a">Anlageverhalten</subfield><subfield code="0">(DE-588)4214003-1</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="6"><subfield code="a">Überreaktionseffekt</subfield><subfield code="0">(DE-588)4371817-6</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="8">1\p</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="689" ind1="1" ind2="0"><subfield code="a">Unternehmensbewertung</subfield><subfield code="0">(DE-588)4078594-4</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2="1"><subfield code="a">Investitionsverhalten</subfield><subfield code="0">(DE-588)4114046-1</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2="2"><subfield code="a">Wirtschaftspsychologie</subfield><subfield code="0">(DE-588)4066506-9</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2=" "><subfield code="8">2\p</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=104705</subfield><subfield code="x">Aggregator</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBA</subfield></datafield><datafield tag="883" ind1="1" ind2=" "><subfield code="8">1\p</subfield><subfield code="a">cgwrk</subfield><subfield code="d">20201028</subfield><subfield code="q">DE-101</subfield><subfield code="u">https://d-nb.info/provenance/plan#cgwrk</subfield></datafield><datafield tag="883" ind1="1" ind2=" "><subfield code="8">2\p</subfield><subfield code="a">cgwrk</subfield><subfield code="d">20201028</subfield><subfield code="q">DE-101</subfield><subfield code="u">https://d-nb.info/provenance/plan#cgwrk</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-028468659</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=104705</subfield><subfield code="l">DE-1046</subfield><subfield code="p">ZDB-4-EBA</subfield><subfield code="q">FAW_PDA_EBA</subfield><subfield code="x">Aggregator</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=104705</subfield><subfield code="l">DE-1047</subfield><subfield code="p">ZDB-4-EBA</subfield><subfield code="q">FAW_PDA_EBA</subfield><subfield code="x">Aggregator</subfield><subfield code="3">Volltext</subfield></datafield></record></collection> |
| geographic | USA (DE-588)4078704-7 gnd |
| geographic_facet | USA |
| id | DE-604.BV043044122 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T17:26:27Z |
| institution | BVB |
| isbn | 0123497043 1429478705 9780123497048 9781429478700 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-028468659 |
| oclc_num | 213298441 |
| open_access_boolean | |
| owner | DE-1046 DE-1047 |
| owner_facet | DE-1046 DE-1047 |
| physical | 1 Online-Ressource (xvii, 271 p.) |
| psigel | ZDB-4-EBA ZDB-4-EBA FAW_PDA_EBA |
| publishDate | 2003 |
| publishDateSearch | 2003 |
| publishDateSort | 2003 |
| publisher | Academic Press |
| record_format | marc |
| spelling | Hirschey, Mark Verfasser aut Tech stock valuation investor psychology and economic analysis Mark Hirschey Amsterdam Academic Press c2003 1 Online-Ressource (xvii, 271 p.) txt rdacontent c rdamedia cr rdacarrier The contribution of research and development to a company's market value has grown considerably in recent years. In the mid-1970s, accountants were able to capture on their ledgers 90-95% of a firm's book value, but by 2000 the importance of intangible assets had grown to the point where they could account for only 13-15%. Financial economists and accountants have investigated the link between a firm's market value and its R & D spending, and various factions advocate a variety of positions on the amount and rate of investment, investors' ability to capture returns on that investment, and ways to measure value, investment, and returns. '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 book demonstrates that stock-price effects of patent output are most pronounced in the case of of high-quality patents, where patent quality is measured by scientific merit. Scientific measures of patent quality give tech stock investors and R & D managers 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. *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 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 Includes bibliographical references and index BUSINESS & ECONOMICS / Investments & Securities / Stocks bisacsh Beleggingen gtt Psychologische aspecten gtt Waardering gtt Corporations / Valuation fast High technology industries / Valuation fast Investments / Psychological aspects fast Psychologie Wirtschaft Investments Psychological aspects Corporations Valuation High technology industries Valuation Spitzentechnologie (DE-588)4124236-1 gnd rswk-swf Wirtschaftspsychologie (DE-588)4066506-9 gnd rswk-swf Industrie (DE-588)4026779-9 gnd rswk-swf Anlageverhalten (DE-588)4214003-1 gnd rswk-swf Überreaktionseffekt (DE-588)4371817-6 gnd rswk-swf Investitionsverhalten (DE-588)4114046-1 gnd rswk-swf Unternehmensbewertung (DE-588)4078594-4 gnd rswk-swf Aktienbewertung (DE-588)4000933-6 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Spitzentechnologie (DE-588)4124236-1 s Industrie (DE-588)4026779-9 s Unternehmensbewertung (DE-588)4078594-4 s Aktienbewertung (DE-588)4000933-6 s Anlageverhalten (DE-588)4214003-1 s Überreaktionseffekt (DE-588)4371817-6 s 1\p DE-604 Investitionsverhalten (DE-588)4114046-1 s Wirtschaftspsychologie (DE-588)4066506-9 s 2\p DE-604 http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=104705 Aggregator Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Hirschey, Mark Tech stock valuation investor psychology and economic analysis BUSINESS & ECONOMICS / Investments & Securities / Stocks bisacsh Beleggingen gtt Psychologische aspecten gtt Waardering gtt Corporations / Valuation fast High technology industries / Valuation fast Investments / Psychological aspects fast Psychologie Wirtschaft Investments Psychological aspects Corporations Valuation High technology industries Valuation Spitzentechnologie (DE-588)4124236-1 gnd Wirtschaftspsychologie (DE-588)4066506-9 gnd Industrie (DE-588)4026779-9 gnd Anlageverhalten (DE-588)4214003-1 gnd Überreaktionseffekt (DE-588)4371817-6 gnd Investitionsverhalten (DE-588)4114046-1 gnd Unternehmensbewertung (DE-588)4078594-4 gnd Aktienbewertung (DE-588)4000933-6 gnd |
| subject_GND | (DE-588)4124236-1 (DE-588)4066506-9 (DE-588)4026779-9 (DE-588)4214003-1 (DE-588)4371817-6 (DE-588)4114046-1 (DE-588)4078594-4 (DE-588)4000933-6 (DE-588)4078704-7 |
| title | Tech stock valuation investor psychology and economic analysis |
| title_auth | Tech stock valuation investor psychology and economic analysis |
| title_exact_search | Tech stock valuation investor psychology and economic analysis |
| title_full | Tech stock valuation investor psychology and economic analysis Mark Hirschey |
| title_fullStr | Tech stock valuation investor psychology and economic analysis Mark Hirschey |
| title_full_unstemmed | Tech stock valuation investor psychology and economic analysis Mark Hirschey |
| title_short | Tech stock valuation |
| title_sort | tech stock valuation investor psychology and economic analysis |
| title_sub | investor psychology and economic analysis |
| topic | BUSINESS & ECONOMICS / Investments & Securities / Stocks bisacsh Beleggingen gtt Psychologische aspecten gtt Waardering gtt Corporations / Valuation fast High technology industries / Valuation fast Investments / Psychological aspects fast Psychologie Wirtschaft Investments Psychological aspects Corporations Valuation High technology industries Valuation Spitzentechnologie (DE-588)4124236-1 gnd Wirtschaftspsychologie (DE-588)4066506-9 gnd Industrie (DE-588)4026779-9 gnd Anlageverhalten (DE-588)4214003-1 gnd Überreaktionseffekt (DE-588)4371817-6 gnd Investitionsverhalten (DE-588)4114046-1 gnd Unternehmensbewertung (DE-588)4078594-4 gnd Aktienbewertung (DE-588)4000933-6 gnd |
| topic_facet | BUSINESS & ECONOMICS / Investments & Securities / Stocks Beleggingen Psychologische aspecten Waardering Corporations / Valuation High technology industries / Valuation Investments / Psychological aspects Psychologie Wirtschaft Investments Psychological aspects Corporations Valuation High technology industries Valuation Spitzentechnologie Wirtschaftspsychologie Industrie Anlageverhalten Überreaktionseffekt Investitionsverhalten Unternehmensbewertung Aktienbewertung USA |
| url | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=104705 |
| work_keys_str_mv | AT hirscheymark techstockvaluationinvestorpsychologyandeconomicanalysis |