Essays about: "Overreaction Hypothesis"

Showing result 1 - 5 of 10 essays containing the words Overreaction Hypothesis.

1. 1. Positively deviating : A study on reversed profit warnings and market reactions

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Johan Fransson; Philip Curry; [2020]
   Keywords : Reversed profit warnings; abnomal returns; event study; efficient market hypothesis; Nordic markets;

   Abstract : This thesis examines the initial and long-term market reactions following reversed profit warnings on the Nordic markets. Furthermore, it investigates if firm size and trading volume can explain the magnitude of the market reaction. READ MORE

3. 2. Fatal accidents in the mining industry – do investors react rationally?

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Björn Mattsson; [2020]
   Keywords : Finance; behavioral finance; market psychology; overreaction theory; efficient market hypothesis; mining; fatal accidents; Business and Economics;

   Abstract : The mining industry is characterized by a hazardous working environment for its employed blue-collar workers and a general complexity of valuation for investors. By theories of behav-ioral finance, corporate social responsibility, and others outlined in the following, this makes a setting where one could plausibly expect reactions and even overreactions among investors to fatal accidents incurred among employed miners related to the mining operations. READ MORE

4. 3. Beating the market through dividend yields : Dogs of the Dow in the Swedish context

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Daniel Olsson; Arvid Necander; [2016]
   Keywords : Dogs of the Dow strategy; overreaction hypothesis; dividend investing; investment strategy; portfolio management; finance;

   Abstract : This paper investigates whether the Dogs of the Dow (or “Dow Dogs”) investment strategy is applicable to the Swedish stock market during the period 1996-2015. The strategy uses dividend yield as a way to identify undervalued stocks. READ MORE

5. 4. Potential Overreactions and Reversal Effects, Evidence from the Swedish Market

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Filip Abrahamsson Kwetczer; Carl Åkerlind; [2015]
   Keywords : Overreaction Hypothesis; Reversal effects; Causational events; OMXS30; Swedish Market;

   Abstract : Ever since De Bondt and Thaler first formulated the Overreaction Hypothesis researchers have been studying different financial markets searching for evidence for an overreacting market. This paper examines if the OMXS30 stocks overreact to extreme events and if certain variables, such as the underlying causational event of the potential overreaction and furthermore the characteristics of the potential overreaction itself, can explain the probability of reversals taking place. READ MORE

6. 5. Do investors overreact to negative clinical trial results in the biotechnology industry?

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Claudia Pradel; Sara Exeler; [2013]
   Keywords : Biotechnology; Clinical Trials; Efficient Market Hypothesis; Overreaction; Panel Data Regression;

   Abstract : Using all of the 177 biotech companies listed on the NASDAQ stock exchange at some point in time during the years 2008 - 2010 and their clinical trial results, we test if investors overreact to the initial publication of negative clinical trial results. In contrast to other studies we choose to investigate only negative clinical trial results as previous studies, carried out in other industries, have found a larger impact for negative news than for positive news. READ MORE