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- W2011731187 abstract "This paper investigates how investors in value and glamour stocks use financial information. The empirical evidence presented is in line with a model of investors’ asymmetric reaction to good and bad news due to confirmation bias. Pessimistic value investors typically under-react to good financial information, while they process bad information rationally or over-confidently. On the contrary, glamour investors are often too optimistic to timely update prices following bad financial information, while they are likely to fairly price or even over-react when receiving good information." @default.
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- W2011731187 date "2012-11-07" @default.
- W2011731187 modified "2023-10-17" @default.
- W2011731187 title "How value–glamour investors use financial information: UK evidence of investors’ confirmation bias" @default.
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- W2011731187 doi "https://doi.org/10.1080/1351847x.2012.722117" @default.
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