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Earnings and Equity Valuation in the Biotech Industry: Theory and Evidence
16 references·1 citing·36 second hop
Earnings and Equity Valuation in the Biotech Industry: Theory and Evidence (2008)Earnings and Equity Valuation in the Biot…Innovating Firms and Aggregate Innovation (2004)Innovating Firms and Aggregat…Conservatism in Accounting Part I: Explanations and Implications (2003)Conservatism in Accounting Pa…The relevance of the value-relevance literature for financial accounting standard setting (2001)The relevance of the value-re…Capital markets research in accounting (2001)Capital markets research in a…Aging, Obsolescence, and Organizational Innovation (2000)Aging, Obsolescence, and Orga…The Boundaries of Financial Reporting and How to Extend Them (1999)The Boundaries of Financial R…Optimal Investment, Growth Options, and Security Returns (1998)Optimal Investment, Growth Op…How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed (1997)How Costly is Financial (Not …Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Do Investment-Cash Flow Sensi…Value-relevance of nonfinancial information: The wireless communications industry (1996)Value-relevance of nonfinanci…The information content of losses (1995)The information content of lo…Earnings, Book Values, and Dividends in Equity Valuation* (1995)Earnings, Book Values, and Di…The Importance of Patent Scope: An Empirical Analysis (1994)The Importance of Patent Scop…Investment Under Uncertainty. (1994)Investment Under Uncertainty.Investment under Uncertainty (1994)Investment under UncertaintyPatent Statistics as Economic Indicators: A Survey (1990)Patent Statistics as Economic…Greater adaptivity or greater control? Adaptation of IOR portfolios in response to technological change (2019)Greater adaptivity or greater…Have Financial Statements Lost Their Relevance? (1999)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The financial reporting environment: Review of the recent literature (2010)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)The Theory and Measurement of Business Income (1961)Valuation and Clean Surplus Accounting for Operating and Financial Activities* (1995)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Managing with Style: The Effect of Managers on Firm Policies (2003)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)An Evolutionary Theory of Economic Change. (1983)Absorptive Capacity: A New Perspective on Learning and Innovation (1990)Exploration and Exploitation in Organizational Learning (1991)Strategy as Vector and the Inertia of Coevolutionary Lock-in (2002)Subsidiaries and knowledge creation: the influence of the MNC and host country on innovation (2004)Innovation and firm growth: Does firm age play a role? (2015)On financial contracting (1979)The conservatism principle and the asymmetric timeliness of earnings1 (1997)Performance matched discretionary accrual measures (2005)Judgment under Uncertainty: Heuristics and Biases (1974)Common risk factors in the returns on stocks and bonds (1993)Econometrics of Event Studies**We thank Espen Eckbo, Jon Lewellen, Adam Kolasinski, and Jay Ritter for insightful comments, and Irfan Safdar and Alan Wancier for research assistance. (2007)Driven to Distraction: Extraneous Events and Underreaction to Earnings News (2009)Investor Inattention and Friday Earnings Announcements (2009)Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations (1993)International R&D spillovers (1995)Collaboration Networks, Structural Holes, and Innovation: A Longitudinal Study (2000)The Stochastic Behavior of Commodity Prices: Implications for Valuation and Hedging (1997)The Value Premium (2005)Policy Uncertainty and Corporate Investment (2015)Earnings Management through Real Activities Manipulation (2003)
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References

  • 1994Investment Under Uncertainty.9,497 cited
  • 1994Investment under Uncertainty9,016 cited
  • 1997Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?6,790 cited
  • 1990Patent Statistics as Economic Indicators: A Survey5,917 cited
  • 1995Earnings, Book Values, and Dividends in Equity Valuation*5,061 cited
  • 2003Conservatism in Accounting Part I: Explanations and Implications2,768 cited
  • 2001Capital markets research in accounting2,575 cited
  • 1995The information content of losses2,315 cited
  • 1999The Boundaries of Financial Reporting and How to Extend Them1,930 cited
  • 2000Aging, Obsolescence, and Organizational Innovation1,861 cited
  • 2001The relevance of the value-relevance literature for financial accounting standard setting1,741 cited
  • 1998Optimal Investment, Growth Options, and Security Returns1,477 cited
  • 1996Value-relevance of nonfinancial information: The wireless communications industry1,303 cited
  • 1997How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed1,255 cited
  • 1994The Importance of Patent Scope: An Empirical Analysis1,212 cited

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  • 2004Innovating Firms and Aggregate Innovation1,156 cited
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    • 2019Greater adaptivity or greater control? Adaptation of IOR portfolios in response to technological change43 cited