Medeiros, Otavio Ribeiro de; Leone, Vitor - Nottingham Trent University, Nottingham Business … - 2012
Based on a method developed by Leybourne, Kim and Taylor (2007) for detecting multiple changes in persistence, we test for changes in persistence in the dividend-price ratio of the NASDAQ stocks. The results confirm the existence of the so-called Dotcom bubble around the last turn of the century...