DotCom Mania: A Survey of Market Efficiency in the Internet Sector

作者: Eli Ofek , Matthew P. Richardson

DOI: 10.2139/SSRN.268311

关键词: EconomicsThe InternetFinancial economicsRationalityStock (geology)Empirical researchMarket priceVolatility (finance)Circumstantial evidenceEvent study

摘要: … Therefore, the subsidiary’s public value should be reflected one-for-one in the parent’s … investors on the release of these positive research reports. Because institutions know this will …

参考文章(74)
Kenneth R. French, Richard Roll, Stock return variances: The arrival of information and the reaction of traders Journal of Financial Economics. ,vol. 17, pp. 5- 26 ,(1986) , 10.1016/0304-405X(86)90004-8
Michael J. Barclay, Jerold B. Warner, Stealth trading and volatility: Which trades move prices? Journal of Financial Economics. ,vol. 34, pp. 281- 305 ,(1993) , 10.1016/0304-405X(93)90029-B
Michael Parkinson, The Extreme Value Method for Estimating the Variance of the Rate of Return The Journal of Business. ,vol. 53, pp. 61- 65 ,(1980) , 10.1086/296071
Joseph S. Chen, Harrison G. Hong, Jeremy C. Stein, Breadth of Ownership and Stock Returns Social Science Research Network. ,(2001) , 10.2139/SSRN.247049
Jonathan M. Karpoff, Graeme Rankine, In search of a signaling effect: The wealth effects of corporate name changes Journal of Banking and Finance. ,vol. 18, pp. 1027- 1045 ,(1994) , 10.1016/0378-4266(94)00058-1
STEPHEN FIGLEWSKI, GWENDOLYN P. WEBB, Options, Short Sales, and Market Completeness Journal of Finance. ,vol. 48, pp. 761- 777 ,(1993) , 10.1111/J.1540-6261.1993.TB04738.X
Allan W. Kleidon, Variance Bounds Tests and Stock Price Valuation Models Journal of Political Economy. ,vol. 94, pp. 953- 1001 ,(1986) , 10.1086/261419
Herbert W. Marsh, Kit-Tai Hau, Assessing Goodness of Fit: Is Parsimony Always Desirable? Journal of Experimental Education. ,vol. 64, pp. 364- 390 ,(1996) , 10.1080/00220973.1996.10806604
Jerome Detemple, Shashidhar Murthy, Equilibrium Asset Prices and No-Arbitrage with Portfolio Constraints Review of Financial Studies. ,vol. 10, pp. 1133- 1174 ,(1997) , 10.1093/RFS/10.4.1133