Stefanescu, Razvan; Dumitriu, Ramona; Nistor, Costel - Volkswirtschaftliche Fakultät, … - 2012
nature of the shocks we find evidences for the Efficient Market Hypothesis, Overreaction Hypothesis and the Underreaction … on the financial markets. There are two main hypotheses to describe such behaviors. The first one - Overreaction … Hypothesis stipulates that investors overreact on the day when a shock occurs and they correct on the next days by opposite …