Tech Stock Valuation

Random walk (Continued)

efficient market hypothesis relationship, 107

information flow, 35, 37, 39

market bubbles, 38

research, 37–38

theory, 35

Rebound, see Return reversal

Recession, definition, 105

Regression to the mean

Galton’s experiments, 114

percent formula, 115

stock markets, 114–116

Research and development (R&D)

chief executive officer compensation

relationship to spending, 129

corporate leaders in spending and intensity,

134–139

effects on goodwill assets, 185

federal law enforcement action impact, 257,

260–261

Generally Acceptable Accounting Principles

in expenditure reporting, 159

industry group distribution of spending,

131–134

institutional stock ownership ...