Stock Market Overreaction and Fundamental Valuation: Theory and Empirical Evidence
Author:   M. Kulpmann
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Volume:   v. 511
ISBN:  

9783540426707


Pages:   207
Publication Date:   October 2001
Format:   Paperback
Availability:   Out of stock   Availability explained
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Stock Market Overreaction and Fundamental Valuation: Theory and Empirical Evidence


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Overview

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

Full Product Details

Author:   M. Kulpmann
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Volume:   v. 511
ISBN:  

9783540426707


ISBN 10:   3540426701
Pages:   207
Publication Date:   October 2001
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Paperback
Publisher's Status:   Active
Availability:   Out of stock   Availability explained
The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available.

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