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.
AgBioForum 1(2) 1998: 69-73.