Tech Stock Valuation: Investor Psychology and Economic Analysis License:perpetual Vital Forces also describes the

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Tech Stock Valuation: Investor Psychology and Economic Analysis License:perpetual Vital Forces also describes theThe 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