Do US Stock Markets Typically Overreact to Corporate News Stories?
Authors:
- Werner AntweilerWAWerner Antweiler
- Murray Z. FrankMFMurray Z. Frank
Preprint
- 1 January 2006
- preprint
- Published by Elsevier in SSRN Electronic Journal
Abstract
It is widely believed that once news is made public the information is fully reflected in prices within at most a day or two (the efficient market hypothesis).Keywords
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