Intangibles : an empirical study on the valuation of biotechnology firms.
Lau, Zhi Min.
Chen, Judy Di.
Date of Issue2004
College of Business (Nanyang Business School)
This study examined the determinants of market value of biotechnology firms in the United States. Four intangible value drivers – Patents, Research & Development (R&D), Human Capital and Strategic Alliances were used to develop an empirical valuation model. We performed a regression of market values of biotech firms against individual variables that proxy for the intangible value drivers.
Final Year Project (FYP)
Nanyang Technological University