Do Stock Price Reactions to Public Information Reflect its Long-run Effect on the Firms’ Fundamental Value? The Case of an Emerging Market†
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DOI: 10.1080/1226508x.2018.1424011
Abstract: Abstract This paper examines the relationship between the cumulative abnormal returns (CARs) induced by various events and long-term operating performances in the post-event period. We gather six events from KRX Disclosure System over 2000–2011 and… read more here.
Keywords: price reactions; fundamental value; stock; stock price ... See more keywords