Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94608
Authors: 
Brown Jr., William O.
Year of Publication: 
1999
Series/Report no.: 
Claremont Colleges Working Papers in Economics 1999-26
Abstract: 
This paper finds that the majority of stock price movements remain unexplained after controlling for both public and private information. This suggests that economistsÂ’ inability to explain asset price movements is the result of either noise or naive asset pricing models.
Subjects: 
asset pricing
news
private information
JEL: 
G12
G14
Document Type: 
Working Paper

Files in This Item:
File
Size
67.33 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.