The Stock Market and Investment in the New Economy: Some Tangible Facts and Intangible Fictions

By Stephen Bond, Jason G. Cummins. 2000

220 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/b21f15952430c1eedb4f39ee3e13e208f72c865f

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Citations in the corpus

Do Stock Prices Influence Corporate Decisions? Evidence from the Technology Bubble (2013, unknown): “We recognize, however, that a number of manufacturing industries either introduced or demanded technologies that were related to the innovations of the late 1990 s (see, e.g., Bond and Cummins (2000) and Stiroh (2002)).”
Voluntary disclosure of intellectual capital in New Zealand annual reports and the “hidden value” (2008, background): “If inflation, economic depreciation and technical progress are modest, replacement cost and book value may be similar (Bond and Cummins, 2000), but particularly for firms who have a heavy investment in technology, this may not be valid.”
Asset Price Shocks, Financial Constraints, and Investment: Evidence from Japan (2001, background): “, De Bondt and Thaler (1985), Summers (1986), and a survey in Shleifer and Summers (1990).”
Intangible Assets: Computers and Organizational Capital (2002, background): “Bond and Cummins (2000). capital individually,50 but for purposes of identifying the value of organizational complements to computers we need only determine the value of Mit .”
A review of tax research (2010, unknown): “Empirical research in economics and finance increasingly relies on cross-sectional studies using financial statement data (see, e.g., Barnett and Sakellaris, 1998; Bond and Cummins, 2000; Erickson and Whited, 2000; Desai and Goolsbee, 2004; and Cummins et al., 2006).”
Measuring Organizational Performance: Towards Methodological Best Practice (2009, background): “The Internet boom-and-bust of the late 1990s represents a mixture of such biases (Bond & Cummins, 2000).”
The Stock Market and Corporate Investment: A Test of Catering Theory (2009, methodology): “We also follow Abel and Eberly (2002) by using the long-term consensus earnings forecast as an instrument for Q. This instrument could be problematic because first, it is likely to be correlated with the measurement error in Tobin’s Q; and second, as Bond and Cummins (2000) suggest, analyst foreca”
The History of the Cross Section of Stock Returns (2016, unknown): “This shift coincides with the shift away from tangible to intangible capital investment (Bond et al., 2000), and the growing importance of debt as a source of financing (Graham et al., 2015).”