Bauman, Mark P.; Das, Somnath - In: Journal of Business Finance & Accounting 31 (2004-11) 9-10, pp. 1223-1260
<heading id="h1" level="3" format="inline" implicit="no">Abstract: </heading>We use the provisions of "SFAS No. 109", "Accounting for Income Taxes", to examine the extent to which stock prices of Internet firms were associated with expectations of future profitability before versus after the 'market correction' in early 2000. We find that the valuation of...