Capital Market Values of Agricultural Biotechnology Firms : How High and Why?
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Market values of agricultural seed and biotechnology firms have increased in recent years due to expected future growth increases from a proliferation of new genetic technologies. In this paper, a market valuation index is constructed for leading firms. Firm valuations are then related to expected future earnings increases, with the implications discussed.
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.