The authors are respectively from the Department of Finance and Business Economies, Wayne State University, Detroit, MI; and the Ohio State University, Newark, OH; and they are grateful for the helpful comments and suggestions of James Hamilton. The comments of the participants of the Finance Workshop at Wayne State University are also gratefully acknowledged. They also thank the editor and an anonymous referee for useful comments on a previous draft of this paper. Any remaining errors are the authors own. The first author would like to express his appreciation to the School of Business Administration, Wayne State University for the 1990–91 research grant to support this study.
RATIONAL INVESTORS' REACTION TO UNCERTAINTY: EVIDENCE FROM THE WORLD'S MAJOR MARKETS
Article first published online: 7 DEC 2006
Journal of Business Finance & Accounting
Volume 21, Issue 4, pages 533–545, June 1994
How to Cite
Ajayi, R. A. and Mehdian, S. (1994), RATIONAL INVESTORS' REACTION TO UNCERTAINTY: EVIDENCE FROM THE WORLD'S MAJOR MARKETS. Journal of Business Finance & Accounting, 21: 533–545. doi: 10.1111/j.1468-5957.1994.tb00334.x
- Issue published online: 7 DEC 2006
- Article first published online: 7 DEC 2006
- (Paper received June 1992, accepted November 1992).
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