Dotcom Extreme Underpricing
نویسندگان
چکیده
منابع مشابه
IT employment prospects: beyond the dotcom bubble
Received: 15 June 2008 Revised: 24 June 2008 Accepted: 25 June 2008 Abstract In the 1990s, enrollments grew rapidly in information systems (IS) and computer science. Then, beginning in 2000 and 2001, enrollments declined precipitously. This paper looks at the enrollment bubble and the dotcom bubble that drove IT enrollments. Although the enrollment bubble occurred worldwide, this paper focuses ...
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In a typical IPO game with first-price auctions, we argue that risk-averse investors always underbid in equilibrium because of subjective interpretations of the firm’ communication about its actual value and resulting risk aversion about the likelihood of facing investors with higher valuations. We show that the noisier the investors’ inferences of the firm’ value (in the sense of first-order s...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2017
ISSN: 1556-5068
DOI: 10.2139/ssrn.3015326