메뉴 건너뛰기




Volumn 66, Issue 4, 2011, Pages 1251-1290

Who drove and burst the tech bubble?

Author keywords

[No Author keywords available]

Indexed keywords


EID: 79960508898     PISSN: 00221082     EISSN: 15406261     Source Type: Journal    
DOI: 10.1111/j.1540-6261.2011.01663.x     Document Type: Article
Times cited : (204)

References (55)
  • 3
    • 0012402130 scopus 로고    scopus 로고
    • Institutional allocation in initial public offerings: Empirical evidence
    • Aggarwal, Reena, Nagpurnanand R. Prabhala, and Manju Puri, 2002, Institutional allocation in initial public offerings: Empirical evidence, Journal of Finance 57, 1421-1442.
    • (2002) Journal of Finance , vol.57 , pp. 1421-1442
    • Aggarwal, R.1    Prabhala, N.R.2    Puri, M.3
  • 4
    • 43849109356 scopus 로고    scopus 로고
    • Trading imbalances, predictable reversals, and cross-stock price pressure
    • Andrade, Sandro C., Charles Chang, and Mark S. Seasholes, 2008, Trading imbalances, predictable reversals, and cross-stock price pressure, Journal of Financial Economics 88, 406-423.
    • (2008) Journal of Financial Economics , vol.88 , pp. 406-423
    • Andrade, S.C.1    Chang, C.2    Seasholes, M.S.3
  • 5
    • 38049051830 scopus 로고    scopus 로고
    • All that glitters: The effect of attention and news on the buying behavior of individual and institutional investors
    • Barber, Brad M., and Terrance Odean, 2008, All that glitters: The effect of attention and news on the buying behavior of individual and institutional investors, Review of Financial Studies 21, 785-818.
    • (2008) Review of Financial Studies , vol.21 , pp. 785-818
    • Barber, B.M.1    Odean, T.2
  • 8
    • 67650826376 scopus 로고    scopus 로고
    • Institutional investors and the informational efficiency of prices
    • Boehmer, Ekkehart, and Eric Kelley, 2009, Institutional investors and the informational efficiency of prices, Review of Financial Studies 22, 3563-3594.
    • (2009) Review of Financial Studies , vol.22 , pp. 3563-3594
    • Boehmer, E.1    Kelley, E.2
  • 9
    • 57649238937 scopus 로고    scopus 로고
    • Investor flows and stock market returns
    • Boyer, Brian, and Lu Zheng, 2009, Investor flows and stock market returns, Journal of Empirical Finance 16, 87-100.
    • (2009) Journal of Empirical Finance , vol.16 , pp. 87-100
    • Boyer, B.1    Zheng, L.2
  • 11
    • 79960524033 scopus 로고    scopus 로고
    • quot;Bubbles"-entry in theNew Palgrave Dictionary of Economics(Palgrave Macmillon, New York, NY).
    • Brunnermeier, Markus K., 2008, "Bubbles"-entry in theNew Palgrave Dictionary of Economics(Palgrave Macmillon, New York, NY).
    • (2008)
    • Brunnermeier, M.K.1
  • 12
    • 4043089417 scopus 로고    scopus 로고
    • Hedge funds and the technology bubble
    • Brunnermeier, Markus K., and Stefan Nagel, 2004, Hedge funds and the technology bubble, Journal of Finance 59, 2013-2040.
    • (2004) Journal of Finance , vol.59 , pp. 2013-2040
    • Brunnermeier, M.K.1    Nagel, S.2
  • 13
    • 62749156768 scopus 로고    scopus 로고
    • Caught on tape: Institutional trading, stock returns, and earnings announcements
    • Campbell, John Y., Tarun Ramadorai, and Allie Schwartz, 2009, Caught on tape: Institutional trading, stock returns, and earnings announcements, Journal of Financial Economics 92, 66-91.
    • (2009) Journal of Financial Economics , vol.92 , pp. 66-91
    • Campbell, J.Y.1    Ramadorai, T.2    Schwartz, A.3
  • 14
    • 0000759899 scopus 로고    scopus 로고
    • Do foreign investors destabilize stock markets? The Korean experience in 1997
    • Choe, Hyuk, Bong-Chan Kho, and René M. Stulz, 1999, Do foreign investors destabilize stock markets? The Korean experience in 1997, Journal of Financial Economics 54, 227-264.
    • (1999) Journal of Financial Economics , vol.54 , pp. 227-264
    • Choe, H.1    Kho, B.-C.2    Stulz, R.M.3
  • 16
    • 34548499892 scopus 로고    scopus 로고
    • Supply and demand shifts in the shorting market
    • Cohen, Lauren, Karl Diether, and Christopher Malloy, 2007, Supply and demand shifts in the shorting market, Journal of Finance 62, 2061-2096.
    • (2007) Journal of Finance , vol.62 , pp. 2061-2096
    • Cohen, L.1    Diether, K.2    Malloy, C.3
  • 17
    • 79960488621 scopus 로고    scopus 로고
    • Assocation decisions of individuals and institutions, Working paper, Harvard Business School
    • Cohen, Randolph, 2003, Asset allocation decisions of individuals and institutions, Working paper, Harvard Business School
    • (2003)
    • Cohen, R.1
  • 18
    • 34848816811 scopus 로고    scopus 로고
    • Asset fire sales (and purchases) in equity markets
    • Coval, Joshua, and Erik Stafford, 2007, Asset fire sales (and purchases) in equity markets, Journal of Financial Economics 86, 479-512.
    • (2007) Journal of Financial Economics , vol.86 , pp. 479-512
    • Coval, J.1    Stafford, E.2
  • 20
    • 84977712440 scopus 로고
    • Positive feedback investment strategies and destabilizing rational speculation
    • DeLong, J. Bradford, Andrei Shleifer, Lawrence H. Summers, and Robert Waldmann, 1990b, Positive feedback investment strategies and destabilizing rational speculation, Journal of Finance 45, 379-395.
    • (1990) Journal of Finance , vol.45 , pp. 379-395
    • DeLong, J.B.1    Shleifer, A.2    Summers, L.H.3    Waldmann, R.4
  • 21
    • 0002528209 scopus 로고
    • The behavior of stock-market prices
    • Fama, Eugene F., 1965, The behavior of stock-market prices, Journal of Business 38, 34-105.
    • (1965) Journal of Business , vol.38 , pp. 34-105
    • Fama, E.F.1
  • 22
    • 43849083736 scopus 로고    scopus 로고
    • Dumb money: Mutual fund flows and the cross-section of stock returns
    • Frazzini, Andrea, and Owen A. Lamont, 2008, Dumb money: Mutual fund flows and the cross-section of stock returns, Journal of Financial Economics 88, 299-322.
    • (2008) Journal of Financial Economics , vol.88 , pp. 299-322
    • Frazzini, A.1    Lamont, O.A.2
  • 23
    • 0002849453 scopus 로고
    • The case for flexible exchange rates
    • in Milton Friedman, ed.: (University of Chicago Press, Chicago, IL).
    • Friedman, Milton, 1953, The case for flexible exchange rates, in Milton Friedman, ed.: Essays in Positive Economics (University of Chicago Press, Chicago, IL).
    • (1953) Essays in Positive Economics
    • Friedman, M.1
  • 25
    • 0344585464 scopus 로고    scopus 로고
    • The dynamics of institutional and individual trading
    • Griffin, John M., Jeffrey H. Harris, and Selim Topaloglu, 2003, The dynamics of institutional and individual trading, Journal of Finance 58, 2285-2320.
    • (2003) Journal of Finance , vol.58 , pp. 2285-2320
    • Griffin, J.M.1    Harris, J.H.2    Topaloglu, S.3
  • 26
  • 27
    • 84055211536 scopus 로고    scopus 로고
    • How smart are the smart guys? A unique view from hedge fund stock holdings
    • Griffin, John M., and Jin Xu, 2009, How smart are the smart guys? A unique view from hedge fund stock holdings, Review of Financial Studies 22, 2531-2570.
    • (2009) Review of Financial Studies , vol.22 , pp. 2531-2570
    • Griffin, J.M.1    Xu, J.2
  • 28
    • 27244437891 scopus 로고    scopus 로고
    • Prospect theory, mental accounting, and momentum
    • Grinblatt, Mark, and Bing Han, 2005, Prospect theory, mental accounting, and momentum, Journal of Financial Economics 78, 311-339.
    • (2005) Journal of Financial Economics , vol.78 , pp. 311-339
    • Grinblatt, M.1    Han, B.2
  • 29
    • 0033634041 scopus 로고    scopus 로고
    • The investment behavior and performance of various investor types: A study of Finland's unique data set
    • Grinblatt, Mark, and Matti Keloharju, 2000, The investment behavior and performance of various investor types: A study of Finland's unique data set, Journal of Financial Economics 55, 43-67.
    • (2000) Journal of Financial Economics , vol.55 , pp. 43-67
    • Grinblatt, M.1    Keloharju, M.2
  • 31
    • 0000741932 scopus 로고
    • Momentum investment strategies, portfolio performance, and herding: A study of mutual fund behavior
    • Grinblatt, Mark, Sheridan Titman, and Russell Wermers, 1995, Momentum investment strategies, portfolio performance, and herding: A study of mutual fund behavior, American Economic Review 85, 1088-1105.
    • (1995) American Economic Review , vol.85 , pp. 1088-1105
    • Grinblatt, M.1    Titman, S.2    Wermers, R.3
  • 32
    • 79960483047 scopus 로고    scopus 로고
    • Institutional investment constraints and stock prices, Working paper, University of Texas at Austin
    • Han, Bing, and Qinghai Wang, 2007, Institutional investment constraints and stock prices, Working paper, University of Texas at Austin
    • (2007)
    • Han, B.1    Wang, Q.2
  • 33
    • 84959812265 scopus 로고
    • Speculative investor behavior in a stock market with heterogeneous expectations
    • Harrison, Michael J., and David M. Kreps, 1978, Speculative investor behavior in a stock market with heterogeneous expectations, Quarterly Journal of Economics 92, 323-336.
    • (1978) Quarterly Journal of Economics , vol.92 , pp. 323-336
    • Harrison, M.J.1    Kreps, D.M.2
  • 34
  • 35
    • 38349164188 scopus 로고    scopus 로고
    • Individual investor trading and stock returns
    • Kaniel, Ron, Gideon Saar, and Sheridan Titman, 2008, Individual investor trading and stock returns, Journal of Finance 63, 273-310.
    • (2008) Journal of Finance , vol.63 , pp. 273-310
    • Kaniel, R.1    Saar, G.2    Titman, S.3
  • 37
    • 84993907815 scopus 로고
    • Price impacts of block trading on New York Stock Exchange
    • Kraus, Allan, and Hans R. Stoll, 1972, Price impacts of block trading on New York Stock Exchange, Journal of Finance 27, 569-588.
    • (1972) Journal of Finance , vol.27 , pp. 569-588
    • Kraus, A.1    Stoll, H.R.2
  • 39
    • 0013020712 scopus 로고    scopus 로고
    • Can the market add and subtract? Mispricing in tech stock carve-outs
    • Lamont, Owen, and Richard Thaler, 2003, Can the market add and subtract? Mispricing in tech stock carve-outs, Journal of Political Economy 111, 227-268.
    • (2003) Journal of Political Economy , vol.111 , pp. 227-268
    • Lamont, O.1    Thaler, R.2
  • 41
    • 77953572953 scopus 로고    scopus 로고
    • Do limit orders alter inferences about investor performance and behavior?
    • Linnainmaa, Juhani, 2010, Do limit orders alter inferences about investor performance and behavior? Journal of Finance 65, 1473-1506.
    • (2010) Journal of Finance , vol.65 , pp. 1473-1506
    • Linnainmaa, J.1
  • 42
    • 79960496666 scopus 로고    scopus 로고
    • Institutional trading during extreme market movements, Working paper, University of Virginia.
    • Lipson, Marc, and Andrew Puckett, 2010, Institutional trading during extreme market movements, Working paper, University of Virginia.
    • (2010)
    • Lipson, M.1    Puckett, A.2
  • 43
    • 79960519262 scopus 로고    scopus 로고
    • A flow-based explanation for return predictability, Working paper, Yale University.
    • Lou, Dong, 2010, A flow-based explanation for return predictability, Working paper, Yale University.
    • (2010)
    • Lou, D.1
  • 44
    • 84916929634 scopus 로고
    • Risk, uncertainty, and divergence of opinion
    • Miller, Edward M., 1977, Risk, uncertainty, and divergence of opinion, Journal of Finance 32, 1151-1168.
    • (1977) Journal of Finance , vol.32 , pp. 1151-1168
    • Miller, E.M.1
  • 45
    • 0036758535 scopus 로고    scopus 로고
    • The valuation and market rationality of internet stock prices
    • Ofek, Eli, and Matthew Richardson, 2002, The valuation and market rationality of internet stock prices, Oxford Review of Economic Policy 18, 265-287.
    • (2002) Oxford Review of Economic Policy , vol.18 , pp. 265-287
    • Ofek, E.1    Richardson, M.2
  • 46
    • 0142188086 scopus 로고    scopus 로고
    • DotCom mania: The rise and fall of internet stock prices
    • Ofek, Eli, and Matthew Richardson, 2003, DotCom mania: The rise and fall of internet stock prices, Journal of Finance 58, 1113-1137.
    • (2003) Journal of Finance , vol.58 , pp. 1113-1137
    • Ofek, E.1    Richardson, M.2
  • 48
    • 0001531652 scopus 로고
    • The market for securities: Substitution versus price pressure and the effects of information on share prices
    • Scholes, Myron S., 1972, The market for securities: Substitution versus price pressure and the effects of information on share prices, Journal of Business 45, 179-211.
    • (1972) Journal of Business , vol.45 , pp. 179-211
    • Scholes, M.S.1
  • 49
    • 38349183082 scopus 로고    scopus 로고
    • Downward sloping demand curves, the supply of shares, and the collapse of internet stock prices
    • Schultz, Paul H., 2008, Downward sloping demand curves, the supply of shares, and the collapse of internet stock prices, Journal of Finance 63, 351-378.
    • (2008) Journal of Finance , vol.63 , pp. 351-378
    • Schultz, P.H.1
  • 50
    • 34147174871 scopus 로고    scopus 로고
    • On the behavioral differences between professional and amateur investors after the weekend
    • Shapira, Zur, and Itzhak Venezia, 2007, On the behavioral differences between professional and amateur investors after the weekend, Journal of Banking and Finance 31, 1417-1426.
    • (2007) Journal of Banking and Finance , vol.31 , pp. 1417-1426
    • Shapira, Z.1    Venezia, I.2
  • 52
    • 0000183976 scopus 로고
    • Do demand curves for stocks slope down
    • Shleifer, Andrei, 1986, Do demand curves for stocks slope down, Journal of Finance 41, 579-590.
    • (1986) Journal of Finance , vol.41 , pp. 579-590
    • Shleifer, A.1
  • 54
    • 43649107307 scopus 로고    scopus 로고
    • More than words: Quantifying language to measure firms' fundamentals
    • Tetlock, Paul C., Maytal Saar-Tsechansky, and Sofus Macskassy, 2008, More than words: Quantifying language to measure firms' fundamentals, Journal of Finance 63, 1437-1467.
    • (2008) Journal of Finance , vol.63 , pp. 1437-1467
    • Tetlock, P.C.1    Saar-Tsechansky, M.2    Macskassy, S.3
  • 55
    • 79960484540 scopus 로고    scopus 로고
    • The Chinese warrants bubble, Working paper, Princeton University.
    • Xiong, Wei, and Jialin Yu, 2009, The Chinese warrants bubble, Working paper, Princeton University.
    • (2009)
    • Xiong, W.1    Yu, J.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.