{"title":"Stock Market Bubbles","authors":"T. Bengtsson, Michael J. Seiler","doi":"10.3905/jwm.2001.320420","DOIUrl":null,"url":null,"abstract":"The authors observe that during the last few years there have been dramatic returns to holding technology/Internet stocks. The purpose of their study is thus to examine if this boom in technology stocks is hurting companies in other industries. Over the period 1977-1999, the results demonstrate that the run-up in technology stocks came at the expense of other sectors as investors pulled money out of otherwise viable investments to ride the technology bubble.","PeriodicalId":342762,"journal":{"name":"Narrative Economics","volume":"24 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2001-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Narrative Economics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.3905/jwm.2001.320420","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
The authors observe that during the last few years there have been dramatic returns to holding technology/Internet stocks. The purpose of their study is thus to examine if this boom in technology stocks is hurting companies in other industries. Over the period 1977-1999, the results demonstrate that the run-up in technology stocks came at the expense of other sectors as investors pulled money out of otherwise viable investments to ride the technology bubble.
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