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Stock Market Overreaction And Foundamental Valuation Theory And Empirical Evdence by MATHIAS LULPMANN is a book available to read on EtoBox.

What is Stock Market Overreaction And Foundamental Valuation Theory And Empirical Evdence about?

<p>Does the stock market overreact? Recent capital market turbulences have cast doubt whether the behaviour of stock markets is in line with rational investor behaviour. This book investigates recent evidence of reversals in the cross section of stock returns. The surprising finding of this monograph is that reversals in stock returns are parallelled by movements in fundamentals. Outperformance in the stock market is driven by outperformance in corporate earnings. This monograph analyses this effect and provides background reasoning both from a theoretical and from an empirical point of view. The reader will pursue the question whether capital markets are efficient and thereby obtain a deeper understanding of the relationship between stock returns and underlying fundamentals.</p>

Author

MATHIAS LULPMANN

Publisher

Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Published

2002

Language

EN

ISBN

9783540426707

Subjects

Finance, Economics, Business