Valuing High Technology Growth Firms

Valuing Loss Firms

Baruch for helpful comments on earlier drafts. A previous version of this paper was titled " Loss reversals and earnings-based valuation. " All errors are our own. Abstract We hypothesize that when confronted with a loss, investors price earnings conditional on the likelihood of the firm's return to profitability. We argue such pricing is consistent with the abandonment option hypothesis as des...

Managing innovation for growth in high technology small firms

This paper studies ways to support sustainable growth in high technology small firms by managing innovation. The paper examines technology based and knowledge intensive business service firms (KIBS) and their innovation management in Finland. The goal is to find at least one meaningful innovation process for a small KIBS firm that takes growth into consideration. In the paper incremental, radic...

Valuing information technology infrastructures: a growth options approach

Decisions to invest in information technology (IT) infrastructure are often made based on an assessment of its immediate value to the organization. However, an important source of value comes from the fact that such technologies have the potential to be leveraged in the development of future applications. From a real options perspective, IT infrastructure investments create growth options that ...

Research and Development Investment and Productivity Growth in Firms with Different Levels of Technology

I n the modern competitive world, Research and Development (R&D) and its overflowing technologies are the main basis of innovation, which in turn, can be determined as an important source of economic growth. Investing in research activities can help firms with different technological levels, especially high-tech industries to improve their productivity. This paper aims to analyze the...

Whom do high - growth firms hire ?