The Eyeballs Have It: Searching for the Value in Internet Stocks

By Brett Trueman, Ruth Seiler, Xiao-Jun Zhang. 2000

368 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/c3e7741879484b1a2bba2c94fbf5ad895103540e

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Citations in the corpus

Does the Stock Market Fully Appreciate the Implications of Leading Indicators for Future Earnings? Evidence from Order Backlog (2001, background): “…industry (Amir and Lev 1996), customer satisfaction measures (Ittner and Larcker 1998), patents (Deng, Lev and Narin 1999), the bookto-bill ratio in the semi-conductor industry (Chandra, Procassini, and Waymire 1999) and web traffic measures in the Internet industry (Trueman, Wong, and Zhang 2001).”
The Value Relevance of Financial Statements in the Venture Capital Market (2005, result): “Specifically, although I concur with prior studies such as Amir and Lev (1996), Ittner and Larcker (1998), Deng et al. (1999) and Trueman et al. (2000) in their conclusion that nonfinancial information can be value relevant, I find that for biotech firms, non-financial statement information is only…”
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).”
Was There Too Little Entry During the Dot Com Era (2007, background): “For example, there is ample evidence that GBF criteria such as web traffic measures predicted stock market valuation of internet firms over and above traditional evaluation criteria during the period (Hand 2001; Rajgopal, Venkatachalam, and Kotha 2003; Trueman, Wong, and Zhang 2000).”
Revenue Manipulation and Restatements by Loss Firms (2008, background): “…of value relevant information, a number of academic studies have shown that the market views revenues and revenue growth as highly important in valuing Internet firms [Hand (2000), Trueman et al. (2000, 2001), Bagnoli et al. (2001), Campbell and Sefcik (2001), Davis (2002), Bowen et al. (2002)].”
Going digital: implications for firm value and performance (2019, positive): “Similarly, Trueman et al. (2000) and Trueman et al. (2001) showed that internet usage metrics provided value-relevant information about tech companies to investors, beyond accounting numbers.”
Do Investors Value a Firm’s Commitment to Social Activities? (2013, neutral): “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 value relevance of environmental performance (2005, methodology): “Such extensions of purely financial models include the Amir and Lev (1996) study of the wireless communications industry, the Deng et al. (1999) study of high-tech firms, and the studies by Trueman et al. (2000) and Rajgopal et al. (2003) of the valuation of internet stocks.”
The Valuation of Biotech IPOs (2005, background): “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, neutral): “It is commonly believed that a confounding feature of Internet firm valuation is that most of these newly-public firms have not achieved positive profits (e.g., Trueman et al, 2000).”