Bursting the dot.com 'Bubble': A case study in investor behaviour

Technology Analysis and Strategic Management

Volumn 15, Issue 1, 2003, Pages 117-136

  Wheale, Peter Robert ^a   Amin, Laura Heredia ^b  

^a UNIVERSITY OF SURREY   (United Kingdom)

^b Future Electronics   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

FINANCIAL CRISIS; INTERNET; INVESTMENT; MANAGEMENT;

EID: 0038709674     PISSN: 09537325     EISSN: None     Source Type: Journal    
DOI: 10.1080/0953732032000046097     Document Type: Article

References (35)

1. J. Schumpeter, Business Cycles: A Theoretical, Historical and Statistical Analysis of the Capitalist Process (New York, McGraw-Hill, 1939).
2. J. Clark, C. Freeman & S. Soele, 'Long Waves, inventions, and innovations', in: Long Waves in the World Economy (London, Frances Pinter, 1984);
3. C. Freeman, The Economics of Industrial Innovation (London, Frances Pinter, 1982);
4. J. Schumpeter, Innovation and Economic Growth (Cambridge, MA, Harvard University Press, 1966).
5. E. Chancellor, Devil Take the Hindmost: A History of Financial Speculation (London, Macmillan, 1999).
6. R. Shiller, Irrational Exuberance (Princeton, Princeton University Press, 2000);
7. A. Shleifer, Inefficient Markets-An introduction to Behavioral Finance (Oxford, Oxford University Press, 2000).
8. H. Shefrin, Beyond Greed and Fear (Boston, Harvard Business School Press, 2000).
9. P. Oppenheimer, Chambers & R. Batty, The Anatomy of Stock Market Valuation (London, HSBC Capel, 1996).
10. A. King, 'Valuing Red-Hot Internet Stocks, Strategic Finance, 81, 10, 2000, pp. 28-34.
11. K. Pavitt, 'Technical Innovation and Industrial Development-the New Causality', Futures, 11, 6, 1979, pp. 458-470.
12. N. Rosenberg, Perspectives on Technology (Cambridge, UK, Cambridge University Press, 1976).
13. R. Nelson & S.G. Winter, 'In Search of a Useful Theory of Innovation', Research Policy, 6, 1977, pp. 36-76.
14. D. Mowery & N. Rosenberg, 'The Influence of Market Demand Upon Innovation: A Critical Review of Some Recent Empirical Studies', Research Policy, 8, 1979, pp. 102-153.
15. T. Koller, 'Valuing dot-coms After the Fall, The McKinsey Quarterly, 2, 2001, pp. 103-106.
16. E.F. Fama, 'Efficient Capital Markets: A Review of Theory and Empirical Work', Journal of Finance, 25, 2, 1970, pp. 383-417.
17. H. Fromlet, 'Behavioral Finance-Theory and Practical Application', Business Economics, 36, 3, 2001, pp. 63-70.
18. R.H. Thaler (Ed.), Advances in Behavioural Finance (New York, Russell Sage Foundation, 1993).
19. D. Kahneman & M.W. Riepe, 'The Psychology of the Non-Professional Investor', Journal of Portfolio Management, 24, 4, 1998, pp. 52-65.
20. D. Kahneman & A. Tversky, 'Prospect Theory: An Analysis of Decision Making Under Risk', Econemetrica, 47, 2, 1979, pp. 263-291.
21. A. Kyle, 'Continuous Auctions and Insider Trading', Econemetrica, 53, 1, 1985, pp. 1315-1336.
22. J.K. Galbraith, The Great Crash, 10th edn (London, Penguin Books, 1977), p. 72.
23. T. Copeland, T, Koller & J. Murrin, Valuation- Measuring and Managing the Value of Companies, 3rd edn (New York, Wiley, 2000).
24. J. Hand, 'The Role of Accounting Fundamentals, Web Traffic, and Supply and Demand in the Pricing of U.S. Internet Stocks', North Carolina, Working paper, University of North Carolina, 2000.
25. J. Pallant, SPPS Survival Manual (Milton Keynes, Open University Press, 2001).
26. P. Ghauri, K. Gronhaug & I. Kristianslind, Research Methods in Business Studies (London, Prentice Hall, 1995).
27. J. Foster, Data Analysis using SPSS for Windows, (London, Sage) 1999.
28. M. Saunders, P. Lewis P & A. Thornhill, Research Methods for Business Students, 2nd edn (London, Pearson Education, 2000).
29. S. Basu, 'The Relationship Between Earnings Yield, Market Value, and Return for NYSE Common Stocks: Further Evidence', Journal of Financial Economics, 12, 1983, pp. 129-156.
30. M. Statman, 'How Many Stocks Make a Diversified Portfolio', Journal of Financial and Quantitative Analysis, 22, 3, 1987, pp. 353-364.
31. M. Pendleybury & R. Groves, Company Accounts, Analysis, Interpretations and Understanding, 5th edn, (London, International Thomas Business Press, 2001).
32. L. Gross, The Art of Selling Intangibles: How to Make Your Million Dollars by Investing Other People's Money (New York, New York Institute of Finance, 1982).
33. S. Besley & E. Brigham, Essentials of Managerial Finance, 12th edn (New York, The Dryden Press, 2000).
34. S. Cleland, & J. Eade, 'Follow the Money to Wall Street's Big Secret', Financial Times, 9 October 2002, p. 23.
35. W. Jahnke, 'Valuing New Economy stocks', Journal of Financial Planning, 13, 6, 2000, pp. 46-49.