Was There a Nasdaq Bubble in the Late 1990s?
收藏NBER2004-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10581
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资源简介：
Not necessarily. The fundamental value of a firm increases with uncertainty about average future profitability, and this uncertainty was unusually high in the late 1990s. We calibrate a stock valuation model that includes this uncertainty, and show that the uncertainty needed to match the observed
提供机构：
美国国家经济研究局
创建时间：
2004-06-01
