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Keywords: Overreaction
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Journal Articles
Pacific Accounting Review (2023) 35 (4): 512–533.
Published: 13 June 2023
... leaders cause peers’ stock prices to increase initially, but then reverse within one quarter. Further analysis reveals that when leaders’ shares receive positive news coverage, institutional investors tend to exert excessive abnormal buying pressure on peers’ shares, resulting in overreactions. Conversely...

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