Lobe, Sebastian; Rieks, Johannes - In: The Quarterly Review of Economics and Finance 51 (2011) 2, pp. 113-123
This paper offers out-of-sample evidence of subsequent short-term abnormal returns for stocks experiencing a price change of 10% or more in either direction on the German stock market between 1988 and 2007. First, we find significant evidence of overreaction which is not exclusively concentrated...