Stefanescu, Razvan; Dumitriu, Ramona; Nistor, Costel - Volkswirtschaftliche Fakultät, … - 2012
Efficient Market Hypothesis states that financial markets react instantaneous and unbiased to new information. However … on the financial markets. There are two main hypotheses to describe such behaviors. The first one - Overreaction … some characteristics of the financial markets. In this paper we explore the short-term reactions that followed positive and …