Do markets overreact: International evidence

In this paper, using the Conrad and Kaul's methodology we test for the overreaction hypothesis – which maintains that stock prices systematically overshoot and therefore their reversal can be predicted from past performance — in seven industrialized countries. Consistent with the findings of Co...

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Veröffentlicht in:	Journal of banking & finance 1999-07, Vol.23 (7), p.1121-1144
Hauptverfasser:	Baytas, Ahmet, Cakici, Nusret
Format:	Artikel
Sprache:	eng
Schlagworte:	Arbitrage Banking Capital market Foreign stock markets Hypotheses International capital market International finance International financial markets Manycountries Market overreaction Portfolio management Securities markets Stock exchange Stock prices Studies
Online-Zugang:	Volltext
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