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Do stockmarket 'losers' win more than 'winners' lose?

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  • Gishan Dissanaike

Abstract

One of the controversial issues in the stockmarket overreaction literature is the claim that price reversals for losers are more pronounced than for winners. We present new results for the UK which suggest that the opposite conclusion is true. Our results are particularly interesting because some recent studies have chosen to devote more attention to losers.

Suggested Citation

  • Gishan Dissanaike, 1998. "Do stockmarket 'losers' win more than 'winners' lose?," Applied Economics Letters, Taylor & Francis Journals, vol. 5(3), pages 143-146.
    • Handle: RePEc:taf:apeclt:v:5:y:1998:i:3:p:143-146
    DOI: 10.1080/758521370
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    References listed on IDEAS

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    1. Atkins, Allen B. & Dyl, Edward A., 1990. "Price Reversals, Bid-Ask Spreads, and Market Efficiency," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 25(4), pages 535-547, December.
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    5. Cox, Don R & Peterson, David R, 1994. "Stock Returns Following Large One-Day Declines: Evidence on Short-Term Reversals and Longer-Term Performance," Journal of Finance, American Finance Association, vol. 49(1), pages 255-267, March.
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    7. Dissanaike, Gishan, 1996. "Are stock price reversals really asymmetric? A note," Journal of Banking & Finance, Elsevier, vol. 20(1), pages 189-201, January.
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