Differences of opinion and price reversals: Evidence from the Taiwan Stock Exchange

DOI: 10.5716/978-981-08-9514-3_MME08

Authors: Chu-Chun Cheng and Yen-Sheng Huang

Abstract:

This paper examines the association between differences of opinion and stock price reversals. The empirical results indicate that differences of opinion among investors are positively related to over reaction and subsequent price reversals.

Keywords: overreaction, differences of opinion