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Intangible Assets Valuation by License Market and Stock Market : Cross-Industry Analysis Based on Royalty Rate and Tobin’s Q
Lu, Jack - 2011
There has been no previous research on the link between license market and stock market. Are the two markets integrated or coupled such that the valuation of the same portfolio of intangible assets is consistent cross market? This study tries to fill the research gap. Based on the data of...
Persistent link: https://www.econbiz.de/10013133222
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An empirical investigation on the appointments of supply chain and operations management executives
Hendricks, Kevin B.; Hora, Manpreet; Singhal, Vinod R. - In: Management science : journal of the Institute for … 61 (2015) 7, pp. 1562-1583
Persistent link: https://www.econbiz.de/10011304120
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Lagged Effects of R&D Investment on Corporate Market Value : Evidence from Manufacturing Firms Listed in Chinese Stock Markets
Lee, Jung Wan - 2022
The study examines lagged economic effects of research and development (R&D) investment on the market value of manufacturing firms listed on the Shanghai Stock Exchange or the Shenzhen Stock Exchange in China. This study applies panel data analysis methods to address the following issues: 1)...
Persistent link: https://www.econbiz.de/10013294421
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Intangible Assets and Cross-Sectional Stock Returns : Evidence from Structural Estimation
Li, Erica X. N. - 2015
The relation between a firm's stock return and its intangible assets is derived under the intangible-asset-augmented q-theory … framework. The structural estimation of the model leads to four main results. First, the q-theory augmented with intangible … conventional q-theory. Two features of intangible assets, adjustment costs and investment-specific-technological-change, are …
Persistent link: https://www.econbiz.de/10013039105
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Patenting Activity and Share Price
Beretich, Thomas - 2016
In an effort to understand the benefits of innovation on companies' growth and value, it becomes apparent that there is considerable tension between the benefit of R&D investment to society and the cost in financial terms to companies with regards to R&D spending as well as the acquisition of...
Persistent link: https://www.econbiz.de/10012978322
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Patent Ownership Fragmentation and Market Value : An Empirical Analysis
Entezarkheir, Mahdiyeh - 2016
A higher fragmentation of patent ownership following the recent U.S. pro-patent shifts has built overlapping property rights or patent thickets for firms with cumulative innovations. This has made the use of other firms' innovations costlier, due to higher transaction costs, licensing fees, and...
Persistent link: https://www.econbiz.de/10012995686
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Research Bubbles
Gersbach, Hans - 2020
We develop a model to rationalize and examine so-called “research bubbles”, i.e. research activities based on overoptimistic beliefs about the impact of this research on the economy. Research bubbles occur when researchers selfselect into research activities and the government aggregates the...
Persistent link: https://www.econbiz.de/10012836495
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Is the IT Revolution Over? An Asset Pricing View
Ward, Colin - 2019
I develop a new method that structures financial market data to forecast economic outcomes. I use it to study the IT sector's transition to its long-run share in the US economy. The method uses a model which links economy-wide growth with IT's market valuation to match transition data on...
Persistent link: https://www.econbiz.de/10012905130
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Presentation Slides for 'Innovative Efficiency and Stock Returns'
Hirshleifer, David A. - 2018
These are the presentation slides for the paper "Innovative Efficiency and Stock Returns". The abstract of the paper is the following: We find that innovative efficiency (IE), patents or citations scaled by research and development expenditures, is a strong positive predictor of future returns...
Persistent link: https://www.econbiz.de/10012917507
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Mispricing or Risk Premium? An Explanation of the R&D-to-Market Anomaly
Lee, Jangwook; Lee, Jiyoon - 2021
Two contrasting explanations are offered in the literature for the R&D-to-market anomaly: mispricing of R&D resulting from limited investor attention to R&D spending, and the failure of conventional risk factors to completely capture the risk associated with R&D. Exploiting accounting treatments...
Persistent link: https://www.econbiz.de/10013237827