Cornelli, Francesca (contributor); … - 2004 - [Elektronische Ressource]
have no prior share price history and tend
to be young, immature, and relatively informationally opaque. Not surprisingly …
market investors overweight their own signal, i.e., if ˆα > α. In this case, we expect reversal
of the share price towards …
information, the share price movement from PGM to PAM is only a partial movement in the
right direction and should continue in the …