Anomalous Price Behavior Following Earnings Surprises: Does Representativeness Cause Overreaction?
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More about this item
KeywordsBehavioral finance; overreaction; representativeness bias; earnings announcements;
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
- D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-RMG-2005-05-29 (Risk Management)
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