A Rude Awakening: Internet Shakeout in 2000

By Elizabeth Demers, Baruch Lev. 2000

274 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/11b26040ca259ccad08f8be4c2e750a7c9f0928b

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Citations in the corpus

Social Media and Firm Equity Value (2013, background): “Prior studies suggest that conventional online behavioral metrics such as Web visits are related to ﬁrm value (Trueman et al. 2000, Demers and Lev 2001, Dewan et al. 2002).”
Boards, CEOS, and Surviving a Financial Crisis: Evidence from the Internet Shakeout (2011, background): “We investigate this question by first defining a sample of firms for which survival is in question: Internet firms in the period following the shakeout that began in March of 2000 (Demers and Lev, 2001).”
The Roles of Performance Measures and Monitoring in Annual Governance Decisions in Entrepreneurial Firms (2002, methodology): “We further identified internet companies in our sample using listings of sample firms in prior studies of internet companies (Demers and Lev, 2000; Hand, 2000; Trueman, Wong and Zhang, 2000).”
The Impact of Fundamentals on IPO Valuation (2009, unknown): “Also, Demers and Lev (2001) and Keating, Lys, and Magee (2003) compare the valuation of Internet stocks before and after March 2000.”
The Effect of Research and Development (R&D) Inputs and Outputs on the Relation between the Uncertainty of Future Operating Performance and R&D Expenditures (2011, background): “Literature on the value relevance of other nonfinancial measures includes Ittner and Larcker (1998); Behn and Riley (1999); Trueman, Wong, and Zhang (2000); Demers and Lev (2001); Bartov, Mohanram, and Seethamraju (2002); and Cheng (2003).”
Linking Customer Assets to Financial Performance (2002, background): “Demers and Lev (2000) have shown that site characteristics measured by Nielsen/Netratings, such as stickiness, reach, and loyalty, were correlated with share prices both in 1999 and 2000.”
The Valuation of Biotech IPOs (2005, unknown): “Similarly, Trueman, Wong, and Zhang (2000) and Demers and Lev (2001) report that Web traffic measures are value-relevant in determining the share prices of Internet companies.”
Market Valuations in the New Economy: An Investigation of What has Changed (2003, unknown): “Similar to Morck et al. (1988) and Demers and Lev (2000), we include Advertising expenditures and Research and Development (R&D) expenditures (both scaled by book value of equity) to capture expected growth in future earnings due to investments in intangible assets.”
Revenue Manipulation and Restatements by Loss Firms (2008, background): “as Internet firms are likely to be valued based on their revenues. Demers and Lev (2001)”
Do Investors Value a Firm’s Commitment to Social Activities? (2013, unknown): “Certain studies on intangible assets (Lichtenberg and Siegel 1991; Amir and Lev 1996; Lev and Sarowin 1999; Demers and Lev 2001; Trueman et al. 2000; Xu et al. 2007) suggest that traditional financial reports do not reflect a firm’s value in today’s high-tech environment.”
The Marketing Role of Ipos: Evidence from Internet Stocks (2003, background): “…(Trueman et al. (2000)) and with the contemporaneous market values of U.S. publicly traded Internet companies (Hand (2000), Rajgopal et al. (2000), and Demers and Lev (2001)).4 Consistent with our hypothesis, we find that the post-IPO growth in web traffic is positively associated with initial…”