{"id":"https://openalex.org/W2134939615","doi":null,"title":"Cross-Section of a 'Bubble': Stock Prices and Dividends during the British Railway Mania","display_name":"Cross-Section of a 'Bubble': Stock Prices and Dividends during the British Railway Mania","publication_year":2010,"publication_date":"2010-01-01","ids":{"openalex":"https://openalex.org/W2134939615","mag":"2134939615"},"language":"en","primary_location":{"id":"pmh:oai::21821","doi":null,"is_oa":true,"landing_page_url":"https://mpra.ub.uni-muenchen.de/21821/1/MPRA_paper_21821.pdf","pdf_url":"https://mpra.ub.uni-muenchen.de/21821/1/MPRA_paper_21821.pdf","source":{"id":"https://openalex.org/S4306400553","display_name":"Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I8204097","host_organization_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","host_organization_lineage":["https://openalex.org/I8204097"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"MPRA Paper"},"volume":null,"type":"report","is_traditional":false,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://mpra.ub.uni-muenchen.de/21821/1/MPRA_paper_21821.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5017738683","display_name":"Gareth Campbell","orcid":"https://orcid.org/0000-0002-7387-3449","observed_orcids":["https://orcid.org/0000-0002-7387-3449"]},"institutions":[{"id":"https://openalex.org/I126231945","display_name":"Queen's University Belfast","ror":"https://ror.org/00hswnk62","country_code":"GB","type":"education","lineage":["https://openalex.org/I126231945"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Gareth Campbell","raw_affiliation_strings":["Queen\u2019s University Belfast#TAB#"],"raw_orcid":"https://orcid.org/0000-0002-7387-3449","affiliations":[{"raw_affiliation_string":"Queen\u2019s University Belfast#TAB#","institution_ids":["https://openalex.org/I126231945"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5017738683"],"corresponding_institution_ids":["https://openalex.org/I126231945"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":3,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10605","display_name":"Historical Economic and Social Studies","score":0.0012000000569969416,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0008999999845400453,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/asset-bubbles","display_name":"asset price bubbles","score":0.781000018119812},{"id":"https://openalex.org/keywords/dividends","display_name":"dividends","score":0.734000027179718},{"id":"https://openalex.org/keywords/mispricing","display_name":"mispricing","score":0.7129999995231628}],"concepts":[{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.7040490508079529},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.6461626291275024},{"id":"https://openalex.org/C201543015","wikidata":"https://www.wikidata.org/wiki/Q207781","display_name":"Economic bubble","level":2,"score":0.6331148147583008},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5626627802848816},{"id":"https://openalex.org/C2776809841","wikidata":"https://www.wikidata.org/wiki/Q185935","display_name":"Mania","level":4,"score":0.5527874827384949},{"id":"https://openalex.org/C181236170","wikidata":"https://www.wikidata.org/wiki/Q848354","display_name":"Capital asset pricing model","level":2,"score":0.5224694013595581},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.46947821974754333},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.4669880270957947},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.4416285753250122},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4342740774154663},{"id":"https://openalex.org/C2988984586","wikidata":"https://www.wikidata.org/wiki/Q1020013","display_name":"Stock price","level":3,"score":0.4240337014198303},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3743867576122284},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.16845858097076416},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.16704198718070984},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.06952077150344849},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.06690764427185059},{"id":"https://openalex.org/C169900460","wikidata":"https://www.wikidata.org/wiki/Q2200417","display_name":"Cognition","level":2,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C143724316","wikidata":"https://www.wikidata.org/wiki/Q312468","display_name":"Series (stratigraphy)","level":2,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C2776174506","wikidata":"https://www.wikidata.org/wiki/Q131755","display_name":"Bipolar disorder","level":3,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C169760540","wikidata":"https://www.wikidata.org/wiki/Q207011","display_name":"Neuroscience","level":1,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"pmh:oai::21821","doi":null,"is_oa":true,"landing_page_url":"https://mpra.ub.uni-muenchen.de/21821/1/MPRA_paper_21821.pdf","pdf_url":"https://mpra.ub.uni-muenchen.de/21821/1/MPRA_paper_21821.pdf","source":{"id":"https://openalex.org/S4306400553","display_name":"Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I8204097","host_organization_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","host_organization_lineage":["https://openalex.org/I8204097"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"MPRA Paper"},{"id":"pmh:oai::22228","doi":null,"is_oa":true,"landing_page_url":"https://mpra.ub.uni-muenchen.de/22228/2/MPRA_paper_22228.pdf","pdf_url":"https://mpra.ub.uni-muenchen.de/22228/2/MPRA_paper_22228.pdf","source":{"id":"https://openalex.org/S4306400553","display_name":"Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I8204097","host_organization_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","host_organization_lineage":["https://openalex.org/I8204097"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"MPRA Paper"},{"id":"pmh:oai:RePEc:pra:mprapa:21821","doi":null,"is_oa":false,"landing_page_url":"https://mpra.ub.uni-muenchen.de/21821/1/MPRA_paper_21821.pdf","pdf_url":"https://mpra.ub.uni-muenchen.de/21821/1/MPRA_paper_21821.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:2134939615","doi":null,"is_oa":false,"landing_page_url":"https://mpra.ub.uni-muenchen.de/21821/1/mpra_paper_21821.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"mag:3145324295","doi":null,"is_oa":false,"landing_page_url":"https://ideas.repec.org/p/pra/mprapa/21821.html","pdf_url":null,"source":{"id":"https://openalex.org/S4306400553","display_name":"Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I8204097","host_organization_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","host_organization_lineage":["https://openalex.org/I8204097"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"MPRA Paper","raw_type":null}],"best_oa_location":{"id":"pmh:oai::21821","doi":null,"is_oa":true,"landing_page_url":"https://mpra.ub.uni-muenchen.de/21821/1/MPRA_paper_21821.pdf","pdf_url":"https://mpra.ub.uni-muenchen.de/21821/1/MPRA_paper_21821.pdf","source":{"id":"https://openalex.org/S4306400553","display_name":"Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I8204097","host_organization_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","host_organization_lineage":["https://openalex.org/I8204097"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"MPRA Paper"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2134939615.pdf","grobid_xml":"https://content.openalex.org/works/W2134939615.grobid-xml"},"referenced_works_count":33,"referenced_works":["https://openalex.org/W242582185","https://openalex.org/W1484799109","https://openalex.org/W1504287759","https://openalex.org/W1556316478","https://openalex.org/W1580142708","https://openalex.org/W1585390112","https://openalex.org/W1588110835","https://openalex.org/W1854937985","https://openalex.org/W1969230115","https://openalex.org/W1980585207","https://openalex.org/W1997455498","https://openalex.org/W2022107676","https://openalex.org/W2068120155","https://openalex.org/W2094926655","https://openalex.org/W2103191126","https://openalex.org/W2112778351","https://openalex.org/W2124884000","https://openalex.org/W2127488376","https://openalex.org/W2133396489","https://openalex.org/W2144128007","https://openalex.org/W2146392543","https://openalex.org/W2147422150","https://openalex.org/W2166215547","https://openalex.org/W2280331487","https://openalex.org/W3121865372","https://openalex.org/W3123076868","https://openalex.org/W3123833473","https://openalex.org/W3124245837","https://openalex.org/W3124269969","https://openalex.org/W3124740535","https://openalex.org/W3125017137","https://openalex.org/W3125328161","https://openalex.org/W3125962766"],"related_works":["https://openalex.org/W2153361910","https://openalex.org/W1891036453","https://openalex.org/W2041497458","https://openalex.org/W2113653848","https://openalex.org/W2109585621","https://openalex.org/W1996831653","https://openalex.org/W7047091040","https://openalex.org/W4412758324","https://openalex.org/W7100393440","https://openalex.org/W4284885373"],"abstract_inverted_index":{"Historical":[0],"\u2018bubbles\u2019":[1],"are":[2],"often":[3],"attributed":[4],"to":[5,43],"mispricing,":[6],"but":[7,22],"the":[8,28,44,56,66,71,84,98,103],"empirical":[9],"analysis":[10],"of":[11,46,65,105],"such":[12],"episodes":[13],"has":[14],"been":[15],"limited.":[16],"This":[17,88],"paper":[18],"examines":[19],"a":[20,33,37],"notable":[21],"academically":[23],"neglected":[24],"period,":[25],"known":[26],"as":[27],"British":[29],"Railway":[30],"Mania,":[31],"using":[32],"new":[34],"dataset":[35],"and":[36,77,86,100],"cross-sectional":[38,57,72],"methodology":[39],"which":[40],"is":[41,54,68],"unique":[42],"study":[45],"historical":[47],"asset":[48],"price":[49],"reversals.":[50],"The":[51],"main":[52],"finding":[53],"that":[55,90],"variation":[58,73],"in":[59,62,74,102],"stock":[60],"prices,":[61],"every":[63],"week":[64],"sample,":[67],"explained":[69],"by":[70],"dividends,":[75],"growth":[76],"risk,":[78],"with":[79],"no":[80],"significant":[81],"differences":[82],"between":[83],"railways":[85],"non-railways.":[87],"implies":[89],"an":[91],"economic":[92],"bubble":[93],"was":[94],"not":[95],"responsible":[96],"for":[97],"rise":[99],"fall":[101],"prices":[104],"railway":[106],"assets":[107],"at":[108],"this":[109],"time.":[110]},"counts_by_year":[],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}
