Building Castles in the Air: Evidence from Industry IPO Waves
收藏NBER2012-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18555
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资源简介：
We provide empirical support for the conventional wisdom that there are times when optimistic investors tend to build their hopes into castles in the air, and pay a large premium over intrinsic value for stocks of firms in the early stages of their life cycles with perceived growth opportunities. We
提供机构：
美国国家经济研究局
创建时间：
2012-11-01
