Equity Valuation and Negative Earnings

The Case of the dot.com Bubble

  • Ana Paula Matias Gama
  • Liliane Cristina Segura
  • Marco Antonio Figueiredo Milani Filho

Table of contents

  1. Front Matter
    Pages i-xv
  2. Introduction

    1. Front Matter
      Pages 1-1
    2. Ana Paula Matias Gama, Liliane Cristina Segura, Marco Antonio Figueiredo Milani Filho
      Pages 3-16
  3. Literature Review

    1. Front Matter
      Pages 17-17
    2. Ana Paula Matias Gama, Liliane Cristina Segura, Marco Antonio Figueiredo Milani Filho
      Pages 19-41
    3. Ana Paula Matias Gama, Liliane Cristina Segura, Marco Antonio Figueiredo Milani Filho
      Pages 43-63
    4. Ana Paula Matias Gama, Liliane Cristina Segura, Marco Antonio Figueiredo Milani Filho
      Pages 65-82
  4. Empirical Study

    1. Front Matter
      Pages 83-83
    2. Ana Paula Matias Gama, Liliane Cristina Segura, Marco Antonio Figueiredo Milani Filho
      Pages 85-106
    3. Ana Paula Matias Gama, Liliane Cristina Segura, Marco Antonio Figueiredo Milani Filho
      Pages 107-137
    4. Ana Paula Matias Gama, Liliane Cristina Segura, Marco Antonio Figueiredo Milani Filho
      Pages 139-157
  5. Conclusions

    1. Front Matter
      Pages 159-159
    2. Ana Paula Matias Gama, Liliane Cristina Segura, Marco Antonio Figueiredo Milani Filho
      Pages 161-167

About this book

Introduction

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.

Keywords

Digital Economy IPOs and Equity Offerings Internet Stocks New Economic Era Ohlson Models

Authors and affiliations

  • Ana Paula Matias Gama
    • 1
  • Liliane Cristina Segura
    • 2
  • Marco Antonio Figueiredo Milani Filho
    • 3
  1. 1.Management and Economis DepartmentUniversity of Beira InteriorCovilhâPortugal
  2. 2.Universidade Presbiteriana MackenzieSão PaoloBrazil
  3. 3.State University of Campinas - UNICAMPLimieraBrazil

Bibliographic information

  • DOI https://doi.org/10.1007/978-981-10-3009-3
  • Copyright Information Springer Nature Singapore Pte Ltd. 2017
  • Publisher Name Springer, Singapore
  • eBook Packages Economics and Finance
  • Print ISBN 978-981-10-3007-9
  • Online ISBN 978-981-10-3009-3
  • Series Print ISSN 2509-7873
  • Series Online ISSN 2509-7881
  • About this book