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A partial defense of the giant squid

Sanjiv Jaggia and Satish Thosar

Journal of Financial Transformation, 2010, vol. 28, 8-11

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.

Keywords: IPO; Investment banks (search for similar items in EconPapers)
JEL-codes: G14 G24 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofitr:1411

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