@article{(Open Science Index):https://publications.waset.org/pdf/10003494,
	  title     = {Investors’ Misreaction to Subsequent Bad News},
	  author    = {Liang-Chien Lee and  Chih-Hsiang Chang and  Ying-Shu Tseng},
	  country	= {},
	  institution	= {},
	  abstract     = {Comparing with prior studies mainly focused on the
effect of a certain event (it may be the initial announcement of bad
news or the repeated announcements of identical bad news) on stock
price, the aim of this study is to explore how investors react to
subsequent bad news with identical content. Empirical results show
that as a result of behavioral pitfalls, investors underreact to the initial
announcement of the bad news (i.e., unknown bad news) and overreact
to the repeated announcements of the identical bad news (i.e., known
bad news).},
	    journal   = {International Journal of Economics and Management Engineering},
	  volume    = {10},
	  number    = {2},
	  year      = {2016},
	  pages     = {401 - 406},
	  ee        = {https://publications.waset.org/pdf/10003494},
	  url   	= {https://publications.waset.org/vol/110},
	  bibsource = {https://publications.waset.org/},
	  issn  	= {eISSN: 1307-6892},
	  publisher = {World Academy of Science, Engineering and Technology},
	  index 	= {Open Science Index 110, 2016},
	}