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A partial defense of the giant squid

Author

Listed:
  • Jaggia, Sanjiv

    () (Calpoly, San Luis Obispo, CA, USA)

  • Thosar, Satish

    () (University of Redlands, CA, USA)

Abstract

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.

Suggested Citation

  • Jaggia, Sanjiv & Thosar, Satish, 2010. "A partial defense of the giant squid," Journal of Financial Transformation, Capco Institute, vol. 28, pages 8-11.
  • Handle: RePEc:ris:jofitr:1411
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    IPO; Investment banks;

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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