Publication | UCLA Anderson School of Management

The Big Market Delusion: Valuation and Investment Implications

Bradford Cornell and Aswath Damodaran

December 31, 2019

Bradford Cornell coauthored a research paper on how the “big market promise” may affect business formation and financing and the role that overconfidence on the part of entrepreneurs and their financiers (venture capitalists and public equity) may play in creating a collective overpricing of companies in alleged big markets.

Read the paper.

You may also like