股市泡沫

Narrative Economics Pub Date : 2001-10-31 DOI:10.3905/jwm.2001.320420

T. Bengtsson, Michael J. Seiler

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引用次数: 0

摘要

作者观察到，在过去的几年里，持有科技/互联网股票的回报率非常高。因此，他们研究的目的是检验科技股的繁荣是否正在损害其他行业的公司。在1977年至1999年期间，结果表明，科技股的上涨是以牺牲其他行业为代价的，因为投资者将资金从其他可行的投资中撤出，以利用科技泡沫。

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Stock Market Bubbles

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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Narrative Economics

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