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＜E-Book＞
Irrational Exuberance Reconsidered : The Cross Section of Stock Returns / by Mathias Külpmann
(Springer Finance. ISSN:21950687)

Edition	2nd ed. 2004.
Publisher	(Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer)
Year	2004
Language	English
Size	XII, 230 p : online resource
Authors	*Külpmann, Mathias author SpringerLink (Online service)
Subjects	LCSH:Finance LCSH:Social sciences -- Mathematics  All Subject Search LCSH:Macroeconomics FREE:Financial Economics FREE:Mathematics in Business, Economics and Finance FREE:Macroeconomics and Monetary Economics
Notes	I Irrational Exuberance Reconsidered -- 1 Stock Market Overreaction and Portfolio Management — An Interview with Barbara Rega, CFA, and Bernd Meyer, CFA -- 2 Scope of Analysis -- II Overshooting in the Cross Section of Stock Returns: The Winner-Loser Effect -- 3 Literature -- 4 Empirical Evidence for Germany -- III Explaining the Cross Section of Stock Returns: CAPM versus Fundamentals -- 5 Explaining the Winner-Loser Effect: Theory -- 6 The CAPM and the Winner-Loser Effect -- 7 Fundamentals and the Winner-Loser Effect -- 8 Fundamentals versus Beta — What Drives Stock Returns? -- IV Corporate Control -- 9 Reversals in Stock Returns and Temporary Problems of Corporate Control -- Conclusion -- References -- Author Index -- About the Author Does the stock market overreact? Recent capital market turbulences have cast doubt whether the behaviour of stock markets is in line with rational investor behaviour. This monograph presents a framework to evaluate whether the stock market is in line with underlying fundamentals. This new and revised edition offers an up to date introduction to the controversy between rational asset pricing and behavioural finance. Empirical evidence of stock market overreaction are investigated within the paradigms of rational asset pricing and behavioural finance. Although this monograph will not promise the reader to become a millionaire, it offers a road to obtain a deeper understanding of the forces which drive stock returns. It should be of interest to anyone interested in what drives performance in the stock market HTTP:URL=https://doi.org/10.1007/978-3-540-24765-4

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