The Time-Varying Nature of the Overreaction Effect: Evidence from the UK
Previous studies on the overreaction effect in the UK show that prior losers consistently outperform prior winners in the period 1975 to 1990. This paper extends current knowledge by assessing the above phenomenon in the UK market for the period 1987 to 2007. In contrast to earlier research, we prod...
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Universiti Utara Malaysia Press
2011
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