Emerging stock market returns have been extensively studied by academic community over the past two decades. However, there is still no consensus among the researchers and practitioners as to which asset pricing models should be used to explain returns in these markets. The basic objective of...

The study evaluates the long-run reversal effect in stock returns for the Indian stock market over the sample period from January 1997 to March 2013. The empirical findings from the study provide support in favor of long-run return reversal effect wherein past long-run loser stocks outperform...

The study explored the effectiveness of momentum and long-term contrarian strategy in the Indian stock market using data from National Stock Exchange (NSE). The study further examined the similarities and difference in momentum and long-term contrarian profitability using multiple return...

This paper studies the Indian stock market within the framework of momentum and contrarian strategies, using the monthly-adjusted prices of all the stocks listed on National Stock exchange (NSE) having complete data for the sample period January 1997 to March 2013. The findings reveal the...

The paper investigates Indian momentum profitability along with its performance stability round the year using the stock price data from National Stock Exchange (NSE). Results show evidence in favor of momentum profitability over the sample period from 1997 to 2013. Moreover, the momentum...

During the 1970's, the standard finance theory of market efficiency became the model of market behaviour accepted by the majority of academicians. Fama (1970,1991) demonstrated that in securities market, populated by well informed investors, investment will be appropriately priced and will...

Overreaction Effect can be traced back to 1980's when DeBondt and Thaler (1986) argued that there existed a strong tendency for both low and high performing securities in one period to experience reversal in following years. Since then it has become one of the grey areas in finance and lead to...