Two Essays on Human Capital and Firm Valuation
| Author | : Vanessa M. Holmes |
| Publisher | : |
| Total Pages | : 92 |
| Release | : 2006 |
| ISBN-10 | : OCLC:614827611 |
| ISBN-13 | : |
| Rating | : 4/5 (11 Downloads) |
Book Synopsis Two Essays on Human Capital and Firm Valuation by : Vanessa M. Holmes
Download or read book Two Essays on Human Capital and Firm Valuation written by Vanessa M. Holmes and published by . This book was released on 2006 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study in Essay 2, entitled "The Value Premium of Human Capital for Biotechnology Firms," uses refinement of event studies to show the valuation relevance of human capital at the margin. Specifically, changes in abnormal returns and the dollar wealth effect are calculated as the unexpected departure from or addition of "key" scientists to biotechnology firms.
