March 30, 2022
Linda Blaser
Papadovasilaki co-writes paper linking technological displacement to stock market crash of 1929
SN Business & Economics will publish a paper that explores a possible link between the 1920s technological revolution and the stock market crash of 1929 that Assistant Professor of Finance Dimitra Papadovasilaki co-authored.
The article explores the role major companies—RCA, DuPont, General Motors, and Union Carbide—played in the 1927–1933 stock market boom and crash.
“We investigate whether a technological displacement took place and if the cycle was characterized by over-trading,” the authors state in the paper’s abstract. “These companies led the boom that preceded the crash, reinforcing the idea that radical technological innovations responsible for enhancing long-term prosperity can be the same ones that produce large financial cycles.”
Papadovasilaki co-authored the paper with University of Nevada Associate Professor of Economics Federico Guerrero, Southern Oregon University Assistant Professor of Business/Economics Rattaphon Wuthisatian, and Colorado State University PhD candidate in economics Bhraman Gulati.
SN Business & Economics is a multi- and interdisciplinary journal serving all areas of business and management, economics, and finance.
Related Links:
- Learn more about Dimitra Papadovasilaki
- Explore the Department of Finance
- Papadovasilaki paper explores COVID’s effect on market, investors