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Overconfidence, overreaction and personality
Durand, Robert; Newby, Rick; Tant, Kevin; … - In: Review of Behavioral Finance 5 (2013) 2, pp. 104-133
and overreaction in an experimental foreign exchange market. Design/methodology/approach – The paper measures the … overconfidence and overreaction in financial markets. The paper presents meta-analysis which facilitates the development of a …
Persistent link: https://www.econbiz.de/10014990169
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Sources of momentum profits: bootstrap methods
Sahbi Nakhli, Mohamed; Belkacem, Lotfi - In: Managerial Finance 39 (2013) 6, pp. 607-619
Purpose – The purpose of this paper is to test the performance of momentum strategies and identify the sources of their profits. Design/methodology/approach – To identify the main source of momentum profits, first, the bootstrap method with replacement was used. Then, to eliminate the...
Persistent link: https://www.econbiz.de/10014940303
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An application of the information-adjusted noise model to the Shenzhen stock market
Xu, Xiaoming; Ramiah, Vikash; Moosa, Imad; Davidson, … - In: International Journal of Managerial Finance 12 (2016) 1, pp. 71-91
China; second, quantify noise trader risk, overreaction, underreaction and information pricing errors in that market; and … arrival. Our study uses a superior and alternative model to detect noise trader risk, overreaction and underreaction in China.  …
Persistent link: https://www.econbiz.de/10014785392
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The impact of Mad Money recommendations during bull and bear markets
Roszkowski, Adam J.; Richie, Nivine - In: International Journal of Managerial Finance 12 (2016) 1, pp. 52-70
reaction through the lenses of prospect theory, overreaction, and herding. Design/methodology/approach – The authors test for … exists consistent with the herding and overreaction hypotheses. Practical implications – The evidence suggests contrarian …
Persistent link: https://www.econbiz.de/10014785497
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Overreaction evidence from large-cap stocks
Abebe Assefa, Tibebe; A. Esqueda, Omar; C. Galariotis, … - In: Review of Accounting and Finance 13 (2014) 4, pp. 310-325
frequently traded large-cap US stocks. Previous criticisms that losers’ gains are not due to overreaction but due to their … differentials between winners and losers. Our evidence supports two main conclusions. First, stock market overreaction still holds …
Persistent link: https://www.econbiz.de/10014989839
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Contrarian and momentum trading: a review of the literature
C. Galariotis, Emilios - In: Review of Behavioral Finance 6 (2014) 1, pp. 63-82
Purpose – The purpose of this paper is to critically review the literature on contrarian and momentum trading strategies and identify areas for future research. Design/methodology/approach – Critical review and discussion of the literature. Findings – The extant literature is dynamic and...
Persistent link: https://www.econbiz.de/10014990274
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Does uncertainty boost overconfidence? The case of financial analysts' forecasts
Bessière, Véronique; Elkemali, Taoufik - In: Managerial Finance 40 (2014) 3, pp. 300-324
overconfidence leads to an overreaction to private information followed by an underreaction when the information becomes public …. Design/methodology/approach – In this study, the authors test analysts' overconfidence through the overreaction preceding a … the two phenomena of under- and overreaction. Overreaction occurs when the information has not yet been made public and …
Persistent link: https://www.econbiz.de/10014941121
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What Drives Returns and Underpricing of Seasoned Equity Offerings in Taiwan?
Fung, Hung‐Gay; Tsai, Pei‐Shan; Yu, Chin‐Ping - In: Journal of Asia Business Studies 4 (2009) 1, pp. 13-22
We use over 200 firms in Taiwan to examine two issues: (1) how investors in Taiwan react to seasoned equity offerings …
Persistent link: https://www.econbiz.de/10014838273
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REIT mergers and acquisitions: a meta‐analysis
Ratcliffe, Christopher; Dimovski, William - In: Journal of Property Investment & Finance 30 (2012) 3, pp. 241-256
Purpose – Mergers and acquisitions in the real estate investment trust (REIT) sector have been studied in distinct periods and locations, often leading to findings which are relevant only for the period and/or location investigated. The purpose of this paper is to examine the merger and...
Persistent link: https://www.econbiz.de/10014898336
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Market discounts and shareholder benefits
Ratcliffe, Christopher; Dimovski, Bill - In: Journal of Property Investment & Finance 32 (2014) 6, pp. 570-588
Purpose – The purpose of this paper is to examine the impacts of private placement announcements by Australian Real Estate Investment Trusts (A-REITs) on existing shareholders. The study examines 96 A-REIT private placements from January 2000 to December 2012. Design/methodology/approach –...
Persistent link: https://www.econbiz.de/10014898830