haku: @author Fama, E. F. / yhteensä: 24
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| Tekijä: | Fama, E. F. |
| Otsikko: | Market efficiency, long-term returns, and behavioral finance. |
| Lehti: | Journal of Financial Economics
1998 : SEP, VOL. 49:3, p. 283-306 |
| Asiasana: | Market efficiency Behavioural science |
| Kieli: | eng |
| Tiivistelmä: | Market efficiency survives the challenge from the literature on long-term return anomalies. Apparent overreaction to information is about as common as underreaction, and post-event reversal. Consistent with the market efficiency prediction that apparent anomalies can be due to methodology, most long-term anomalies tend to disappear with reasonable changes in technique. |
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