
265
INDEX
A
AAR, see A see verage abnormal return
Abnormal return (AR), estimation, 65–66
Accounting
data limitations in stock valuation, 158–159
fraud, see Fraud
managerial bias, 43–44
Advertising
effects on goodwill assets, 185
federal law enforcement action impact,
257, 261
research and development expense
correlation, 134
Agency problem
managers versus stockholders, 39–40
origins, 40
America Online (AOL)
growth expectations, 94–95
Microsoft growth comparison, 90–91, 94
The Motley Fool ownership stake, 59
risk assessment, 94
Time-Warner merger and valuation, 90,
98–100
valuation
customer value, 97–98
growth stock, 95–96
private-market value, 98
value stock, 96–97