Conrad is from the Graduate School of Business, University of North Carolina, and Kaul is from the School of Business Administration, University of Michigan. We thank seminar participants at the Universities of Michigan, North Carolina, Oregon, Washington, and the Southern Methodist University, and especially Elazar Berkovitch, Thomas George, Charles Jones, Paul Malatesta, Dale Morse, M. Nimalendran, Jay Ritter, René Stulz, and an anonymous referee for their comments and suggestions. We also thank Patti Lamparter and Stacy Zimmerman for preparing this manuscript. Partial financial support for this research was provided by the School of Business Administration, University of Michigan, and the Graduate School of Business, University of North Carolina.
Long-Term Market Overreaction or Biases in Computed Returns?
Version of Record online: 30 APR 2012
© 1993 the American Finance Association
The Journal of Finance
Volume 48, Issue 1, pages 39–63, March 1993
How to Cite
CONRAD, J. and KAUL, G. (1993), Long-Term Market Overreaction or Biases in Computed Returns?. The Journal of Finance, 48: 39–63. doi: 10.1111/j.1540-6261.1993.tb04701.x
- Issue online: 30 APR 2012
- Version of Record online: 30 APR 2012
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