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Indication of Overreaction with or without Stock Specific Pu Announcements in Indian Stock market
The present study examines how stocks overreact in the case of unspecified events in comparison to specified events. Specified events can be monitored up to a certain extent because of their known and repetitive nature. The magnitude of uniqueness of the unspecified events increases uncertainty. Inf...
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| Format: | Article |
| Language: | English |
| Published: |
2014
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| Summary: | The present study examines how stocks overreact in the case of unspecified events in comparison to specified events. Specified events can be monitored up to a certain extent because of their known and repetitive nature. The magnitude of uniqueness of the unspecified events increases uncertainty. Information diffusion is more asymmetric, which leads to more stock market overreaction. The paper also examines whether there is a relationship between magnitude of price reversals and magnitude of gains or losses in the Indian stock market return. |
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| Physical Description: | 35 - 50 |