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If you have any questions, you are always welcome to contact us. We'll get back to you as soon as possible, withing 24 hours on weekdays.
Customer service
All questions about your order, return and delivery must be sent to our customer service team by e-mail at yourstore@yourdomain.com
Sale & Press
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This thesis examines the concept of intellectual capital and its effect on share prices as a means to solve the lemons problem existent in current capital markets. In order to see whether intellectual capital could be part of a solution to combat this problem, the VAICTM was employed to determine the relevance of intellectual capital in relation to the stock price. The results of the regressions carried out show that the VAICTM is significant and provides increased explainability in the variation of stock prices. This leads to the conclusion that intellectual capital is an important determinant of share returns. Time comparisons of the R2 of calendar year regressions yielded no definitive conclusions regarding the conjecture that there was increased relevance of the measure of intellectual capital over time. Altogether, the results point towards the hypothesized relation between intellectual capital information and share returns. This indicates that high quality companies that wish to seek external financing in a market facing the lemons problem would benefit from the increased disclosure of intellectual capital information.
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⚠️ California Proposition 65 Warning: Some products sold on this website may expose you to chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm. For more information, visit www.P65Warnings.ca.gov.
