Equity Valuation and Negative Earnings
The Case of the dot.com Bubble
Nonfiction, Computers, Internet, Electronic Commerce, Business & Finance, Finance & Investing, Finance
| Author: | Ana Paula Matias Gama, Liliane Cristina Segura, Marco Antonio Figueiredo Milani Filho | ISBN: | 9789811030093 |
| Publisher: | Springer Singapore | Publication: | December 20, 2016 |
| Imprint: | Springer | Language: | English |
| Author: | Ana Paula Matias Gama, Liliane Cristina Segura, Marco Antonio Figueiredo Milani Filho |
| ISBN: | 9789811030093 |
| Publisher: | Springer Singapore |
| Publication: | December 20, 2016 |
| Imprint: | Springer |
| Language: | English |
Building upon Feltham and Ohlson models, this book examines positive loss-earnings within the context of the dot.com bubble during the boom years of the late 1990s bull market. The strong demand for equity financing captured the imagination of investors from Europe and U.S. like never before. With a focus on U.S. Internet companies, the book explores both the birth and the death of the new economy, and how negative earnings and losses still garnered large investments and successful IPOs (Initial Public Offerings). As Internet based ventures and the digital economy keep attracting large amounts of equity financing, this book explains that there is something unique in the valuation and pricing of tech companies. The book was written for corporate financiers, capital market professionals, and academics to further their understanding of equity valuation and the effects of equity trading.
Building upon Feltham and Ohlson models, this book examines positive loss-earnings within the context of the dot.com bubble during the boom years of the late 1990s bull market. The strong demand for equity financing captured the imagination of investors from Europe and U.S. like never before. With a focus on U.S. Internet companies, the book explores both the birth and the death of the new economy, and how negative earnings and losses still garnered large investments and successful IPOs (Initial Public Offerings). As Internet based ventures and the digital economy keep attracting large amounts of equity financing, this book explains that there is something unique in the valuation and pricing of tech companies. The book was written for corporate financiers, capital market professionals, and academics to further their understanding of equity valuation and the effects of equity trading.
