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YOU PAID HOW MUCH FOR THAT DOTCOM STOCK?: SENSEMAKING DURING ECOLOGICAL CHANGE

YOU PAID HOW MUCH FOR THAT DOTCOM STOCK?: SENSEMAKING DURING ECOLOGICAL CHANGE This paper seeks to answer the research question, “How do press accounts of the dotcom bubble make meaning of dramatic market rises and falls in internet stocks?” To accomplish this goal a qualitative content analysis of 803 Wall Street Journal articles over an eight year period was conducted. Results revealed competing stories of meaning over six time periods. The study demonstrated the iterative nature of sensemaking, finding one sensemaking process during the trend of rising internet stock prices and a second during the subsequent bursting of the bubble. Other insights were sensemaking as a frame for tying existing research on the dotcom bubble into a more complete picture, questions of how the press covers ecological change, and the apparent lack of learning applicable to future bubbles. The content analysis and the resulting insights were suggestive of future research endeavors in the realm of sensemaking and into speculative bubbles. JEL Codes: Q57; L86 Keywords: sensemaking; dotcom bubble; content analysis; internet stocks http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economics, Management, and Financial Markets Addleton Academic Publishers

YOU PAID HOW MUCH FOR THAT DOTCOM STOCK?: SENSEMAKING DURING ECOLOGICAL CHANGE

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Publisher
Addleton Academic Publishers
Copyright
© 2009 Addleton Academic Publishers
ISSN
1842-3191
eISSN
1938-212X
Publisher site
See Article on Publisher Site

Abstract

This paper seeks to answer the research question, “How do press accounts of the dotcom bubble make meaning of dramatic market rises and falls in internet stocks?” To accomplish this goal a qualitative content analysis of 803 Wall Street Journal articles over an eight year period was conducted. Results revealed competing stories of meaning over six time periods. The study demonstrated the iterative nature of sensemaking, finding one sensemaking process during the trend of rising internet stock prices and a second during the subsequent bursting of the bubble. Other insights were sensemaking as a frame for tying existing research on the dotcom bubble into a more complete picture, questions of how the press covers ecological change, and the apparent lack of learning applicable to future bubbles. The content analysis and the resulting insights were suggestive of future research endeavors in the realm of sensemaking and into speculative bubbles. JEL Codes: Q57; L86 Keywords: sensemaking; dotcom bubble; content analysis; internet stocks

Journal

Economics, Management, and Financial MarketsAddleton Academic Publishers

Published: Jan 1, 2014

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