Doukas, John A.; Li, Meng - In: Review of Behavioural Finance 1 (2009) 1/2, pp. 23-43
This study documents that high book‐to‐market (value) and low book‐to‐market (glamour) stock prices react asymmetrically to both common and firm‐specific information. Specifically, we find that value stock prices exhibit a considerably slow adjustment to both common and firm‐specific...
