Value Relevance of Nonfinancial Information: The Case of Patent Data.

When used in conjunction with traditional R&D expenditure information, scientific information on patent quality appear to give investors a more useful basis upon which to judge the economic merit of the firm's R&D effort. This complementary relation suggests that consistent disclosure of patent quality information would be helpful to investors in their ongoing assessment of firms in the high tech sector. Copyright 2001 by Kluwer Academic Publishers

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Year of publication:	2001
Authors:	Hirschey, Mark ; Richardson, Vernon J ; Scholz, Susan
Published in:	Review of Quantitative Finance and Accounting. - Springer. - Vol. 17.2001, 3, p. 223-35
Publisher:	Springer

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005701319