..., an important emerging market. Secondly, the authors study the return predictability of a measure of investors’ overreaction, then examine whether the momentum effect in Vietnam is explained by overreaction. Design/methodology/approach Using the weekly data of more than 300 non-financial Vietnamese stocks...

... Qamar can be contacted at: majqamar@gmail.com 02 04 2018 20 10 2018 04 12 2018 11 01 2019 © Emerald Publishing Limited 2019 Emerald Publishing Limited Licensed re-use rights only China Overreaction G11 According to return reversal effect, stocks...

... leads to an overreaction to private information followed by an underreaction when the information becomes public. Design/methodology/approach – In this study, the authors test analysts' overconfidence through the overreaction preceding a public announcement followed by an underreaction after...