The Global Financial Crisis and Investors' Behaviour: Evidence from the Karachi Stock Exchange
Published By: Pakistan Institute of Development Economics (PIDE) | Published Date: July, 01 , 2014The present study empirically examines the short term under and overreaction effect in the Karachi Stock Exchange, Pakistan, in the context of the 2008 Global Financial Crisis considering the period from September 2007 to 2009. This crisis has been considered as the largest and most severe financial event since the Great Depression. The study findings reveal a consistent pattern in relation to prior studies on the subject, reflecting absence of any prominent evidence of short term under or overreaction effect in the case of Karachi Stock Exchange both during and after the financial crisis events.
Author(s): Asiya Sohail, Attiya Yasmin Javid | Posted on: Feb 03, 2016 | Views() | Download (188)