Dotcom Mania: The Rise and Fall of Internet Stock Prices

By Eli Ofek, Matthew P. Richardson. 2003

963 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/3b71cea87e1e43c36f47ae7fc93b21b1d1d9c81e

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Klaus Adam
2. Johannes Beutel
3. Albert Marcet
4. Orie E. Barron
5. Linda Smith Bamber
6. Douglas E. Stevens

In Finance

1. Klaus Adam
2. Johannes Beutel
3. Albert Marcet
4. Orie E. Barron
5. Linda Smith Bamber
6. Douglas E. Stevens
7. Cars H. Hommes
8. Nicholas Barberis

Citations in the corpus

• Asset Prices Under Short-Sale Constraints (2006, neutral): “However, derivatives trading has its own costs and restrictions (see, for example, Ofek and Richardson (2003)).”
• Ex Ante Skewness and Expected Stock Returns (2013, neutral): “For example, Ofek and Richardson (2003) propose that the Internet bubble is related to the ‘limits to arbitrage’ argument of Shleifer and Vishny (1997).”
• Sell on the news: Differences of opinion, short-sales constraints, and returns around earnings announcements (2009, neutral): “As pointed out by Ofek and Richardson (2003), internet stocks in the late 1990s had low institutional ownership and high differences of opinion.”
• Bubbles, Financial Crises, and Systemic Risk (2012, neutral): “Ofek and Richardson (2003) link this argument to the internet bubble of the late 1990s.”
• Options and the Bubble (2006, neutral): “Ofek and Richardson (2003) point to shortsale restrictions as the reason that Internet stocks remained high.”
• Financial Crises: Explanations, Types, and Implications (2013, neutral): “7 Empirical studies include Abreu and Brunnermeier (2003), Diether, Malloy and Scherbina (2002), Lamont and Thaler (2003), Ofek and Richardson (2003), and Shleifer and Vishny (1997).”
• Limited Arbitrage and Short Sales Restrictions: Evidence from the Options Markets (2004, neutral): “In the extreme case, for six months after an IPO, most of the shares have lockup restrictions. data are the corresponding stock prices, dividends and splits, as well as option-specific data such as implied volatilities, interest rates, maturities, and exercise prices.”
• Global capital market interdependence and spillover effect of credit risk: evidence from the 2007–2009 global financial crisis (2010, neutral): “We pick 3 January 2003 as the beginning date to avoid the effect of internet bubbles during late 1990s to early 2000s (Ofek and Richardson, 2003).”