YalçIn, Atakan - In: The Quarterly Review of Economics and Finance 48 (2008) 3, pp. 579-604
Various rational and behavioral models have been proposed to explain contrarian portfolio returns. In this article, I test the gradual information diffusion model of Hong and Stein [Hong, H., & Stein J. C. (1999). A unified theory of underreaction, momentum trading, and overreaction in asset...