Tech stock valuation investor psychology and economic analysis
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 t...
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| Format: | eBook |
| Language: | English |
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San Diego, Calif.
Academic Press
2003
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| Collection: | O'Reilly - Collection details see MPG.ReNa |
| Summary: | 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 |
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| Physical Description: | xvii, 271 pages illustrations, facsimiles |
| ISBN: | 0123497043 9780080492339 0080492339 |