concept company business definition
A firm that attracts investors more on the basis of the type of business it is in, or by the direction in which its management says it is moving, than on its current earnings or dividends. For example, a company involved in sophisticated biomedical research that might eventually achieve a major scientific breakthrough and large profits could qualify as a concept company. Concept companies might include firms engaged in computer software development, Internet commerce, genetic engineering, and medical technology.
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