What drives equity values: fundamentals or net flows? An empircal analysis of the 1982--1999 United States stock market boom
This dissertation develops a supply and demand based theory of equity price determination to investigate the unprecedented run-up in U.S. equity values during 1982–1999. The model draws insight from both fundamental valuation analysis, and various speculative market theories. It also incorporates as...
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| Language: | ENG |
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ScholarWorks@UMass Amherst
2001
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| Online Access: | https://scholarworks.umass.edu/dissertations/AAI3027198 |