Long-run survival and performance of Australian dotcom IPOs
Published Wed 22 Apr
This paper explores the long-run survival and share market performance of companies which made an Initial Public Offering (IPO) around the time of the share market correction in 2000, widely known as the dotcom or internet crash. We find that dotcom stocks failed no more frequently than non-dotcom stocks and our results were not sensitive to listing pre- or post-correction. Further, we find that non-dotcom stocks did not significantly outperform those of dotcom stocks. These findings challenge the conventional wisdom on the dotcom bubble.
Read full article
This article is limited to FINSIA members only.
Membership is the only way to have full access to FINSIA’s catalogue of CPD-themed digital content, including InFinance, The Standard, AJAF, Insights Review and our partner publications