Diacogiannis, George; Patsalis, Nikolaos; Tsangarakis, … - In: Applied Financial Economics 15 (2005) 1, pp. 53-61
In this paper the phenomenon of short-term overreaction and the existence of price limits on the Athens Stock Exchange (ASE) are examined. An 8% price limit was imposed in August 1992 and remained in place until February 2000. The sample consists of 114 shares traded on the ASE for the period...