Profits, Losses and the Non-Linear Pricing of Internet Stocks

By John R. M. Hand. 2000

154 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/2aaa0a80deb18023921ed7a7eb59a6ee6e755695

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Citations in the corpus

News or Noise? Internet Postings and Stock Prices (2001, background): “Hand (2000) discovered a nonlinear relationship between accounting data and stock pricing.”
A Rude Awakening: Internet Shakeout in 2000 (2000, unknown): “The significance of these correlations provides preliminary evidence that, consistent with analysts’ reports, anecdotal discussions in the business press, and prior research (TWZ, RKV, and Hand (2000b)), web companies that had attained a “critical mass” of customers and/or web traffic in 1999 were t”
Corporate Governance, Product Market Competition, and Equity Prices (2008, methodology): “Interestingly, and in contrast to Table III where we computed abnormal returns to the Democracy-Dictatorship hedge portfolio, the results do not weaken substantially if we exclude “new economy” firms as classified by Hand (2003) (see row [7]).”
Market Valuations in the New Economy: An Investigation of What has Changed (2003, unknown): “In contrast to other studies of NEP equity valuation such as Hand (2000), Demers and Lev (2000), and Trueman, Wong, and Zhang (2000), our analysis does not focus exclusively on Internet-related firms.”
Do the individuals closest to internet firms believe they are overvalued (2001, unknown): “He finds that while most 9 of the cross-sectional variation in values of Internet companies can be explained by accounting fundamentals and measures of web traffic, Internet stock valuations are correlated with what Hand (2000b) terms “supply and demand” variables.”
The Impact of Fundamentals on IPO Valuation (2009, unknown): “Of these studies, Hand (2003) and Bartov, Mohanram, and Seethamraju (2002) examine valuation around the IPO date.”
The Value Relevance of Financial Statements in the Venture Capital Market (2005, background): “Hand (2003) confirms Zhang’s predictions for intangible-intensive Internet companies, and demonstrates that the distorted relations between equity values and aggregate financial statement data for intangible-intensive firms can be avoided by replacing book equity and net income with their key compon”
Perceptions and Price: Evidence from CEO Presentations at IPO Roadshows (2017, methodology): “To measure firm value, we use the log transformation of the firm’s market value of equity at each of the three major pricing points during the IPO process: the proposed offer price, the final offer price, and the close of the first day of trading on a public exchange.17 We then estimate the followin”
The Roles of Performance Measures and Monitoring in Annual Governance Decisions in Entrepreneurial Firms (2002, methodology): “Hand [2000] finds a positive relation between both R&D and marketing costs and market values, suggesting unrecorded assets.”
The Effect of Internet Security Breach Announcements on Market Value: Capital Market Reactions for Breached Firms and Internet Security Developers (2004, methodology): “The same lists were used in prior studies [30, 38, 71].”