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The stock market valuation of research and develpoment expenditures

Article Abstract:

A paper based on research into the stock market valuation of intangible assets and R&D expenditures is presented. Research results indicate that the stock returns of firms with R&D expenditures matches those of non-R&D firms.

Author: Lakonishok, Josef, Chan, Louis K.C., Sougiannis, Theodore
Publisher: Blackwell Publishers Ltd.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2001
High technology industry, Economic aspects, Industrial research, Securities

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The relative valuation of caps and swaptions: theory and empirical evidence

Article Abstract:

A paper on interest rate caps and swaptions reveals that four factors influence swaption prices. Research results indicate that prices for long-term swaptions are overvalued.

Author: Longstaff, Francis A., Schwartz, Eduardo S., Santa-Clara, Pedro
Publisher: Blackwell Publishers Ltd.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2001
Commodity Exchanges, Commodities industry, Interest rate swaps, Swaps (Finance)

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Subjects list: Research, United States, Analysis, Stock-exchange, Stock exchanges, Economics, Economic research, Securities industry
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