Hsieh, Heng-hsing; Hodnett, Kathleen - In: Journal of Applied Finance & Banking 1 (2011) 1, pp. 107-130
This paper examines the overreaction hypothesis on the JSE Securities Exchange (JSE) documented by Page and Way [5] and Muller [4] over a longer and more recent period from 01 January 1993 to 31 March 2009. The mean reversals due to investor overreaction are found to be stronger for the past...
