Extrapolative beliefs and return predictability: Evidence from China
Journal of Behavioral and Experimental Finance, ISSN: 2214-6350, Vol: 43, Page: 100957
2024
- 9Captures
- 1Mentions
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Metrics Details
- Captures9
- Readers9
- Mentions1
- News Mentions1
- 1
Most Recent News
Findings from Central University of Finance and Economics Provides New Data about Behavioral and Experimental Finance (Extrapolative Beliefs and Return Predictability: Evidence From China)
2024 NOV 07 (NewsRx) -- By a News Reporter-Staff News Editor at Daily China News -- Current study results on Business - Behavioral and Experimental
Article Description
We explore the role of extrapolative beliefs in return predictability in the Chinese stock market. Extrapolation-based theories suggest that the return predictability arises from the eventual correction of mispricing caused by extrapolators, particularly during periods of high extrapolative beliefs. Our findings support this notion, indicating that greater extrapolative beliefs strengthen the return predictability of valuation ratios. Mechanism analyses reveal that extrapolative beliefs influence the mean-reversion and investor sentiment.
Bibliographic Details
http://www.sciencedirect.com/science/article/pii/S2214635024000728; http://dx.doi.org/10.1016/j.jbef.2024.100957; http://www.scopus.com/inward/record.url?partnerID=HzOxMe3b&scp=85198743850&origin=inward; https://linkinghub.elsevier.com/retrieve/pii/S2214635024000728; https://dx.doi.org/10.1016/j.jbef.2024.100957
Elsevier BV
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