The effects of the unexpected cautionary and annual earnings announcements on the Price Formation Process: evidence from the JSE
Certainly, a decision to (dis) invest (buy/sell) in securities is largely influenced by future expectations to which in turn is informed by the fundamental analysis of historical prices. The investor supposedly extrapolated on the historical prices if below the mean you buy and vice versa. The avera...
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| Format: | Dissertation |
| Language: | English |
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Faculty of Commerce
2021
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| Online Access: | http://hdl.handle.net/11427/33948 |