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dc.contributor.authorLocke, Stuart
dc.contributor.authorGupta, Kartick
dc.date.accessioned2009-10-12T22:16:08Z
dc.date.available2009-10-12T22:16:08Z
dc.date.issued2009
dc.identifier.citationLocke, S. & Gupta, K. (2009). Applicability of contrarian strategy in the Bombay stock exchange. Journal of Emerging Market Finance, 8(2), 165-189.en
dc.identifier.urihttps://hdl.handle.net/10289/3245
dc.description.abstractThe application of contrarian strategies in the Bombay Stock Exchange (BSE) are examined in this paper, shedding further light on competing explanations underlying this anomaly. Three specific issues are investigated using several models. First, can a trader book a profit by employing a contrarian strategy? The test portfolio earned a contrarian profit of 74.40 per cent above the market return. Second, risk differences between Winner and Loser portfolios are found to be an independent phenomenon. Third, the size of the firm appears to play a vital role in explaining the overreaction hypothesis.en
dc.language.isoen
dc.publisherSage Publicationsen_NZ
dc.rightsThis article is published in the Journal of Emerging Market Finance. (c) 2009 SAGE.en
dc.subjectcontrarian strategyen
dc.subjectefficient market hypothesisen
dc.subjectsize effecten
dc.titleApplicability of contrarian strategy in the Bombay stock exchangeen
dc.typeJournal Articleen
dc.identifier.doi10.1177/097265270900800204en
dc.relation.isPartOfJournal of Emerging Market Financeen_NZ
pubs.begin-page165en_NZ
pubs.elements-id34456
pubs.end-page189en_NZ
pubs.issue2en_NZ
pubs.volume8en_NZ


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