| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w8436 |
| 来源ID | Working Paper 8436 |
| Stock Volatility in the New Millennium: How Wacky Is Nasdaq? | |
| G. William Schwert | |
| 发表日期 | 2001-08-01 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | The recent volatility of stock prices has caused many people to conclude that investors have become irrational in valuing at least some stocks. This paper investigates the behavior of the volatility of stocks on the Nasdaq, which tend to be smaller companies with more growth options, in relation to the more seasoned issues reflected in the Standard & Poor's 500 portfolio. It also analyzes the relation of the unusual Nasdaq volatility to the hot IPO market in 1998 and 1999. The factor that seems to explain unusual volatility best is technology, not firm size or the immaturity of the firm. |
| 主题 | Financial Economics ; Financial Markets ; Portfolio Selection and Asset Pricing |
| URL | https://www.nber.org/papers/w8436 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/566039 |
| 推荐引用方式 GB/T 7714 | G. William Schwert. Stock Volatility in the New Millennium: How Wacky Is Nasdaq?. 2001. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w8436.pdf（1715KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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