论文标题
解剖1990年代纳斯达克的互联网泡泡
Dissecting the dot-com bubble in the 1990s NASDAQ
论文作者
论文摘要
在本文中，我重新访问了菲利普斯（Phillips），吴（Wu）和Yu（Yu）的2011年开创性论文，内容涉及互联网泡沫的测试。我将其方法的最新进步应用于各个纳斯达克股票，并为基本面使用新颖的规范。为了解决文献中的鸿沟，我产生了点com气泡的详细部门崩溃。我发现它包含多个重叠的繁荣剧集，并且确实有两个开始的互联网日期。
In this paper, I revisit Phillips, Wu and Yu's seminal 2011 paper on testing for the dot-com bubble. I apply recent advancements of their methods to individual Nasdaq stocks and use a novel specification for fundamentals. To address a divide in the literature, I generate a detailed sectoral breakdown of the dot-com bubble. I find that it comprised multiple overlapping episodes of exuberance and that there were indeed two starting dates for internet exuberance.
