Add to ORKGIn this paper, we seek to determine if large price drops and subsequent price reversals are a result of market sentiment, industry-type and type of news while validating conventional literature on market overreaction. Our study provides further evidence to earlier studies by Ajayi and Mehdian (1994) and De Bondt and Thaler (1987) that markets do tend to overreact to negative news and we have found the aforementioned factors play a role in influencing investor behaviour, leading to market overreaction. Overall, these results provide strong support for the market overreaction hypothesis and shed light on new determinants that influence market overreaction.BUSINES
The overreaction hypothesis asserts that investors tend to violate the Bayes’ rule where they overre...
Abstract Momentum strategy has survived many robust tests, but the existence of its accompanying r...
This paper investigates the impact of media pessimism on financial market returns and volatility in ...
In this paper, we seek to determine if large price drops and subsequent price reversals are a result...
Summary. The paper takes a theoretical approach in explaining how market sentiment affects investors...
This paper investigates the evidence on the stock market overreaction hypothesis (ORH), which holds ...
This research examines the existing of investor overconfidence in the capital market and the phenome...
We study investor overreaction using data for five major stock market crashes during the 1987-2008 p...
We study the degree of individual and aggregate market overreaction in a dynamic experimental auctio...
The objective of this paper is to examine the reasons of firm-level one-day share price shocks and p...
Market Overreaction is a very familiar and age-old craze amongst traders. Pigou (1929) defined it as...
In this paper, using the Conrad and Kaul\u27s methodology we test for the overreaction hypothesis - ...
We revisit the overreaction hypothesis in the light of information effects. Using a sample period fr...
Theories on under- and over-reaction in asset prices fall into three types: (1) they are respective...
In this paper, I examine the short-run and long-run performance of the largest 49 stocks in Hong Kon...
The overreaction hypothesis asserts that investors tend to violate the Bayes’ rule where they overre...
Abstract Momentum strategy has survived many robust tests, but the existence of its accompanying r...
This paper investigates the impact of media pessimism on financial market returns and volatility in ...
In this paper, we seek to determine if large price drops and subsequent price reversals are a result...
Summary. The paper takes a theoretical approach in explaining how market sentiment affects investors...
This paper investigates the evidence on the stock market overreaction hypothesis (ORH), which holds ...
This research examines the existing of investor overconfidence in the capital market and the phenome...
We study investor overreaction using data for five major stock market crashes during the 1987-2008 p...
We study the degree of individual and aggregate market overreaction in a dynamic experimental auctio...
The objective of this paper is to examine the reasons of firm-level one-day share price shocks and p...
Market Overreaction is a very familiar and age-old craze amongst traders. Pigou (1929) defined it as...
In this paper, using the Conrad and Kaul\u27s methodology we test for the overreaction hypothesis - ...
We revisit the overreaction hypothesis in the light of information effects. Using a sample period fr...
Theories on under- and over-reaction in asset prices fall into three types: (1) they are respective...
In this paper, I examine the short-run and long-run performance of the largest 49 stocks in Hong Kon...
The overreaction hypothesis asserts that investors tend to violate the Bayes’ rule where they overre...
Abstract Momentum strategy has survived many robust tests, but the existence of its accompanying r...
This paper investigates the impact of media pessimism on financial market returns and volatility in ...