A partial defense of the giant squid
We examine a claim in the popular press that Goldman Sachs Inc was largely responsible for causing and profiting from various financial crises over the years. We revisit our sample of high-tech IPOs launched during the dotcom bubble of the late 1990s. We find that based on the aftermarket price patterns, GS was a reasonably responsible player compared to its peer group.
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Volume (Year): 28 (2010)
Issue (Month): ()
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