Wednesday, June 26, 2013

Does the Stock Market Overreact?

Does the Stock Market Overreact?Does the Stock Market Overreact? 805 2. R. Ball. "Anomalies in Relationships Between Securities' Yields and Yield-Surrogates." Journal of Financial Economics 6 (June-September 1978), 103-26. 3. S. Basu. "Investment Performance of Common Stocks in Relation to Their Price-Earnings Ratios: A Test of the Efficient Market Hypothesis." Journal of Finance 3 (June 1977), 663-82. 4. - . "The Relationship Between Earnings' Yield, Market Value and Return for NYSE Common Stocks: Further Evidence." Journal of Financial Economics 12 (June 1983), 129-56. 5. W. Beaver and W. R. Landsman. "Note on the Behavior of Residual Security Returns for Winner and Loser Portfolios." Journal of Accounting and Economics 3 (December 1981), 233-41. 6. M. Blume and R. Stambaugh. "Biases in Computed Returns: An Application

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