Surprising findings. You hear so much about the productivity gains technology brings; but apparently the fields of application are still too narrow. Healthcare, law,administration are way behind.
Evaluating the feasibility and performance of the Schwartz-Moon model Jan Klobucnik and Soenke Sievers (University of Cologne)show that it is comparably accurate to the traditional sales multiple with key advantages in val-uing small and non-listed firms. Consequently, the model seems suitable for detecting misvaluations as the dot-com bubble.
Barry Bosworth from the Brookings Institution examines the US China relationship.
He sees the expansion of U.S. exporting capabilities as critical to its future
performance.
