haku: @author Thaler, R. H. / yhteensä: 6
viite: 4 / 6
| Tekijä: | Bondt, W. F. M. Thaler, R. H. |
| Otsikko: | Further evidence on investor overreaction and stock market seasonality. |
| Lehti: | Journal of Finance
1987 : JUL, VOL. 42:3, p. 557-581 |
| Asiasana: | STOCK MARKETS INVESTMENT RISK ANALYSIS |
| Kieli: | eng |
| Tiivistelmä: | Systematic price reversals for stocks that experience extreme long-term gains or losses are found: past losers significantly outperform past winners. Empirical evidence is reported that supports the investor overreaction hypothesis and that is inconsistent with two alternative hypotheses based on firm size and differences in risk, as measured by CAMP-betas. The seasonal pattern of returns is also examined. |
SCIMA