Chapter 5: It is a chapter of empirical research of fair value and overreaction of the stock returns.
第五章,公允价值与股市过度反应。
参考来源 - 会计信息的质量与经济后果研究However empirical researches such as the riddle of bonus, the over-reaction and under-reaction of stock price, the acute fluctuation of stock price bring great challenge to it, and there are many defects on its fundamental theory, too.
然而证券市场的红利之谜、股价的过度反应和反应不足,股价的过度波动等实证研究对其形成了极大的挑战,并且,其理论基础也存在诸多的缺陷。
参考来源 - 基于行为金融学的证券投资行为研究But we know from excessive reaction of stock market, the excessive market reaction is a good way to study the market effectiveness.
一般采用事件研究和市场异象来对市场有效性进行研究,但从股票市场过度反应的探讨中可知,过度反应是一种进行市场有效性研究的好方法。
参考来源 - 股权分置改革市场反应效应研究·2,447,543篇论文数据,部分数据来源于NoteExpress
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