search query: @author Peterson, D. R. / total: 6
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| Author: | Peterson, D. R. |
| Title: | Security price reactions to initial reviews of common stock by the Value Line investment survey. |
| Journal: | Journal of Financial and Quantitative Analysis
1987 : DEC, VOL. 22:4, p. 483-494 |
| Index terms: | SHARE VALUATION SHARE PRICES |
| Language: | eng |
| Abstract: | In this study we examine daily price reactions to initial reviews of securities by the Value Line Investment Survey. The reviews convey information to the market, since significant abnormal returns are found over a 3-day period around release of the information. In addition, there is no statistically significant subsequent price reaction after the foregoing 3-day period, consistent with market efficiency. |
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