Study level

  • Vacation research experience scheme


Faculty of Business and Law

School of Economics and Finance

Topic status

We're looking for students to study this topic.

Research centre


Associate Professor Peter Verhoeven
Associate Professor
Division / Faculty
Faculty of Business & Law


The project involves an empirical analysis. Determining the intrinsic value of stocks is challenging especially in periods of high uncertainty, such as during Covid 19.

Both earnings and balance sheet items tend to loose their value relevance, with companies relying heavily on intangibles to adapt and survive. This project examines whether investors shift their attention from tangibles to intangibles during periods of high uncertainty to assess the intrinsic value of stocks. The sample will cover US stocks from 1960 to 2021.

Research activities

Empirical analysis using Stata software.


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