A model of investor sentiment
Article Abstract:
A parsimonious model of investor sentiment was developed to assess the reaction of stock prices on various types of information. The model, which is based on a variety of psychological evidence, revealed that stock prices tend to underreact to announcements related to earnings. On the other hand, stock prices tend to overreact to consistent patterns of good or bad news, such as series of good earnings announcements.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 1998
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The new comparative economics
Article Abstract:
The comparison of capitalist economics is refocused by the field of comparative economics. For better understanding of capitalist institutions, the basic tradeoff between costs of disorder and of dictatorship need to be followed.
Publication Name: Journal of Comparative Economics
Subject: Economics
ISSN: 0147-5967
Year: 2003
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