Showing 1 - 10 of 3,030
The efficient-market hypothesis (EMH) is one of the most important economic and financial hypotheses that have been tested over the past century. Due to many abnormal phenomena and conflicting evidence, otherwise known as anomalies against EMH, some academics have questioned whether EMH is...
Persistent link: https://www.econbiz.de/10012237439
Persistent link: https://www.econbiz.de/10010393876
Persistent link: https://www.econbiz.de/10011929728
overconfidence on the performance of US companies. First, the impact of loss aversion on the economic performance of companies was … assessed. Second, the impact of overconfidence on market performance was discussed. Design/methodology/approach - This study … this is achieved for both sectors. In contrast, the findings suggest that overconfidence positively affects market …
Persistent link: https://www.econbiz.de/10012434081
Persistent link: https://www.econbiz.de/10011490555
Persistent link: https://www.econbiz.de/10009272667
Persistent link: https://www.econbiz.de/10011721640
This paper examines whether momentum drives the disposition effect and vice versa in the US stock market. The results from the analysis of the Fama-Macbethregressions show that the disposition effect drives momentum but not the other way around. Furthermore, we find that this relationship varies...
Persistent link: https://www.econbiz.de/10013184447
Persistent link: https://www.econbiz.de/10009238999
Persistent link: https://www.econbiz.de/10011300932