The Value-Relevance of Nonfinancial Info
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Ya-wen Yang
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Article
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2007
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Elsevier Science
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English
⚖ 200 KB
This study examines whether nonfinancial patent information is useful to investors in assessing and valuing biotech firm's long-term financial performance. Using six patent variables measuring both quantity and quality aspects of patents, I find that patent information is associated with biotech fir