underlying foreign indices and suggests an overreaction to US market returns when foreign markets are closed. …

voluntarily are likely to have come to the market to rebalance their leverage rather than to finance their growth opportunities …. During their public life, their leverage remained very high, they could not raise equity capital, and their profitability …

that delist voluntarily are likely to have come to the market to rebalance their leverage rather than to finance their … growth opportunities. During their quotation life, their leverage and insider ownership remained very high, they did not …

leverage effect …

voluntarily are likely to have come to the market to rebalance their leverage rather than to finance their growth opportunities …. During their public life, their leverage remained very high, they could not raise equity capital, and their profitability …

This paper reexamines the apparent success of two prominent stock trading strategies: long-term contrarian and … intermediate-term momentum. The paper demonstrates that long-term contrarian is entirely attributable to the classic January size … effect, rather than to investor overreaction, as argued by De Bondt and Thaler (1985). Further, the paper also resolves the …

momentum behavior, India, China and South Korea exhibit contrarian patterns for long-term prior return (24-60 months) as well …