Alexandridis, George; Antoniou, Antonios; Zhao, Huainan - In: Journal of Multinational Financial Management 18 (2008) 5, pp. 443-460
The divergence of opinion 'premium hypothesis', developed by Miller [Miller, E., 1977. Risk, uncertainty, and divergence of opinion. Journal of Finance 32, 1151-1168], predicts that the price of a stock is set by optimistic investors when belief asymmetry about its value is high. We examine...
