Do Japanese Analysts Overreact or Underreact to Earnings Announcements?
Several recent studies have used US, analysts' forecasts to test for underreaction or overreaction to information in earnings announcements. These tests have provided mixed results. Evidence in Mendenhall (1991) is that analysts underreact. By contrast, results in De Bondt and Thaler (1990) show ove...
| Publicado en: | Abacus Vol. 32; no. 1; pp. 81 - 102 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Mar1996
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |