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Market Value and Patent Citations : A First Look

Hall, Bronwyn H. - 2000

As patent data become more available in machine-readable form, an increasing number of researchers have begun to use measures based on patents and their citations as indicators of technological output and information flow. This paper explores the economic meaning of these citation-based patent...

Persistent link: https://www.econbiz.de/10012471009

Explaining the Cross-Section of Stock Returns in Japan : Factors or Characteristics?

Daniel, Kent - 1999

Japanese stock returns are even more closely related to their book-to-market ratios than are their U.S. counterparts, and thus provide a good setting for testing whether the return premia associated with these characteristics arise because the characteristics are proxies for covariance with...

Persistent link: https://www.econbiz.de/10012471544

Asymmetric Investment Rates

Bai, Hang; Li, Erica X. N.; Xue, Chen; Zhang, Lu - National Bureau of Economic Research - 2022

Integrating national accounting with financial accounting, we provide firm-specific estimates of current-cost capital …, and capital and investment price deflators. The firm-level current-cost investment rate distribution is heavily right ….64%. Despite a tiny fraction of inactive investment rates, 2.85%, firm-level investment also seems lumpy, featuring a fraction of …

Persistent link: https://www.econbiz.de/10013191052

How Does the Market Value Unfunded Pension Liabilities?

Bulow, Jeremy I. - 1985

We lead off by discussing a number of theoretical reasons for expecting various relationships between a firm's unfunded …

Persistent link: https://www.econbiz.de/10012477480

A Stochastic Model of Investment, Marginal q and the Market Value of theFirm

Abel, Andrew B. - 1984

This paper presents closed-form solutions for the investment and valuation of a competitive firm with a Cobb …. The value of the firm is a linear function of the capital stock. The optimal rate of investmentis an increasing function …

Persistent link: https://www.econbiz.de/10012477603

Measuring Technological Innovation over the Long Run

Kelly, Bryan - 2018

aggregate, sectoral, and firm level. Our technology indices span two centuries (1840-2010) and cover innovation by private and …

Persistent link: https://www.econbiz.de/10012480917

Agency Costs, Mispricing, and Ownership Structure

Chernenko, Sergey - 2010

of publicly listed corporate subsidiaries in Japan. When there is greater scope for expropriation by the parent firm …

Persistent link: https://www.econbiz.de/10012462742

Means-Tested Mortgage Modification : Homes Saved or Income Destroyed?

Mulligan, Casey B. - 2009

This paper uses the theories of price discrimination and optimal taxation to investigate effects of underwater mortgages on foreclosures and the incentives to earn income, and the degree to which those effects are shaped by public policy. I find that the federal government's means-tested...

Persistent link: https://www.econbiz.de/10012463370

Market Valuation of Accrued Social Security Benefits

Geanakoplos, John - 2009

One measure of the health of the Social Security system is the difference between the market value of the trust fund and the present value of benefits accrued to date. How should present values be computed for this calculation in light of future uncertainties? We think it is important to use...

Persistent link: https://www.econbiz.de/10012463479

What is a Company Really Worth? Intangible Capital and the "Market to Book Value" Puzzle

Hulten, Charles R. - 2008

"What is a company really worth?" is a question asked repeatedly during the recent financial crisis. Attention has been focused on short-term valuation issues, like the "mark-to-market" controversy. Sorting out these issues is complicated by the fact that the market puts a value on shareholder...

Persistent link: https://www.econbiz.de/10012464050

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