The Role of Book Value in High-Tech Valuation.
Advances in Competitiveness Research 2007, Annual, 15, 1-2
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Publisher Description
ABSTRACT This paper investigates the anomalous relationship between negative earnings and stock prices for the high-tech sector. We obtain evidence rejecting the claim that including book value in the valuation specification eliminates the anomalous relationship. Test results indicate that sales revenues are more value relevant than reported negative earnings in the valuation of high-tech loss firms.
GENRE
Business & Personal Finance
RELEASED
2007
1 January
LANGUAGE
EN
English
LENGTH
16
Pages
PUBLISHER
American Society for Competitiveness
PROVIDER INFO
The Gale Group, Inc., a Delaware corporation and an affiliate of Cengage Learning, Inc.
SIZE
256.9
KB
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