If you’ve been wondering whether LinkedIn’s stock — selling as I write this for about $72 a share, down from a high of $122.70 during its first day of trading May 19 — is (or at least was) in a bubble, Robert Jarrow, Younes Kchia, and Philip Protter have an answer for you. The trio (respectively, a finance professor at Cornell, an applied-math Ph.D student at the Ecole Polytechnique, and a statistics professor at Columbia) developed a statistical technique for detecting bubbles that they tested on data from the dot-com heyday.
Can Your Company Survive a Bubble?
If you’ve been wondering whether LinkedIn’s stock — selling as I write this for about $72 a share, down from a high of $122.70 during its first day of trading May 19 — is (or at least was) in a bubble, Robert Jarrow, Younes Kchia, and Philip Protter have an answer for you. The trio […]
June 09, 2011
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New!
HBR Learning
Finance Essentials Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Finance Essentials. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Strengthen your fluency in financial statements.