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Does the Stock Market Overreact? - BONDT - - The Journal of Finance - Wiley Online Library

The financial support of the C. Doctoral Fellowship Program Brussels, Belgium and the Cornell Graduate School of Management is gratefully acknowledged.

We received helpful comments from Seymour Smidt, Dale Morse, Peter Bernstein, Fischer Black, Robert Jarrow, Edwin Elton, and Ross Watts. This study of market efficiency investigates whether such behavior affects stock prices.

Efficient-market hypothesis - Wikipedia

The empirical evidence, based on CRSP monthly return data, is consistent with the overreaction hypothesis. Substantial weak form market inefficiencies are discovered. View all citations. Powered by Wiley Online Library. By continuing to browse this site you agree to us using cookies as described in About Cookies Remove maintenance message.

Go to old article view Advertisement. Article Does the Stock Market Overreact? De BONDT, RICHARD THALER Search for more papers by this author University of Wisconsin at Madison and Cornell University, respectively. July Full publication history DOI: Set citation alert Citing literature. Continue reading full article.

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