A Model of Investor Sentiment

Recent empirical research in finance has uncovered two families of pervasive regularities: underreaction of stock prices to news such as earnings announcements; and overreaction of stock prices to a series of good or bad news. In this paper, we present a parsimonious model of investor sentiment that...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	NBER Working Paper Series 1997-02, p.5926
Hauptverfasser:	Barberis, Nicholas C, Vishny, Robert W, Shleifer, Andrei
Format:	Artikel
Sprache:	eng
Schlagworte:	Asset Pricing Economic theory Investor behavior
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!