More on public information and stock price

Autor: J. Kenton Zumwalt, Charles M. Linke
Rok vydání: 1980
Předmět:
Zdroj: Journal of Business Research. 8:81-87
ISSN: 0148-2963
Popis: In a recent issue of this journal [2] McCain and Millar examined whether “favorable” and unfavorable” stock analyses appearing in the Wall Street Journal column “Heard on the Street” could be used to predict one-day, seven-day, and six-month price movements of the affected stocks. In this note we question the conclusions of that study based upon methodological grounds.
Databáze: OpenAIRE