학술저널
OVERREACTION OF STOCKS IN RUSSIAN STOCK MARKET
- People & Global Business Association
- Global Business and Finance Review
- Vol.13 No.1
-
2008.0615 - 22 (8 pages)
- 4
This paper examines whether there is u distinct trend of over or underreaction of stocks in the Russian stock market. The study also examines the factors that affect the degree of over or underreaction. Stocks trading on MICEX exchange exhibit overreaction to external shocks. More liquid stocks (with higher 30 day average trading volumes prior to the event) experience a smaller degree of overreaction than less liquid stocks. Attempts to overhaul the legislation that regulates stock market did nut contribute to mvestors' confidence and liquidity of stocks.
Abstract
INTRODUCTION
THEORY
DATA AND METHODS
RESULTS
CONCLUSION
ENDNOTES
REFERENCES
BIOGRAPHY
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