Essays about: "overreact"

Showing result 1 - 5 of 9 essays containing the word overreact.

  1. 1. Announcement Effect of Primary Seasoned Equity Offerings of Common Stock: Evidence from the Swedish Stock Market

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Anna Jóna Reynisdóttir; Guðrún Özurardóttir; [2023]
    Keywords : Seasoned equity offering; Swedish stock market; primary offering; equity issue; financing; increase in share capital; wealth transfer; Business and Economics;

    Abstract : This study investigates the abnormal returns associated with announcements of primary seasoned equity offerings of common stock on the Swedish stock market. It provides a comprehensive discussion on equity offerings and their related theories, in addition to a thorough review of existing empirical research. READ MORE

  3. 2. Two Channels, One Anomaly: Diagnosing the Investment Effect

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Tom Lanoizelee; [2022]
    Keywords : Investment Effect; Diagnostic Expectations;

    Abstract : The investment effect is driven by Zhang's rational direct discount-rate channel in the short term but by a non-rational indirect profitability channel in the long term. Unifying Zhang's production based asset pricing with Bordalo et al. READ MORE

  4. 3. Overreaction in Bitcoin before and during COVID-19

    University essay from Göteborgs universitet/Graduate School

    Author : Georgios Kirkinezos; Endri Skora; [2021-06-30]
    Keywords : Cryptocurrencies; Bitcoin; COVID-19; investors; Cryptocurrency Market; Returns; Quantile Autoregressive Model QAR ;

    Abstract : In recent years, Bitcoin has attracted a lot of interest from the media, academics and investors, but there is still skepticism and a lack of knowledge about how this cryptocurrency performed in the years leading up to and through the COVID-19 pandemic. The spread of COVID-19 in 2020, means that Bitcoin has been put to test under extreme financial conditions for the first time, and this thesis exploits this period to analyze how the COVID-19 crisis affected Bitcoin investors. READ MORE

  5. 4. Price Shocks and Investor Irrationality

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Fredrika Bruu; Emma Åkerstén; [2020]
    Keywords : Overreactions; Underreactions; Stock Market Reactions; Price Shocks; Contrarian Strategy;

    Abstract : This paper replicates the research conducted by Benou and Richie (2003) on overreactions among investors to news or events causing large price changes to occur in the stock market. While the original study focuses solely on large price decreases among well-established firms listed in the S&P 100 index on the U.S. READ MORE

  6. 5. What the Tweet is going on? - A Study on how Rumor, Social Media Attention and Twitter Sentiment affects Share Volume

    University essay from Göteborgs universitet/Företagsekonomiska institutionen

    Author : Gustav Hellman; Jakob Sundqvist; [2018-06-25]
    Keywords : Social Media Attention; Rumor; Abnormal Trading Volume; Sentiment Analysis;

    Abstract : We study rumors and Twitter attention focusing on acquisition transactions and how it affects market reaction, defined as abnormal trading volume, prior to announcement. We study 98 acquisition transactions, were 45 firms had tweets prior the acquisition announcement. READ MORE