Stock Returns after Major Price Shocks: The Impact of Information

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Retail investor attention and stock price crash risk: Evidence from China (2019, background): “Moreover, under binding short-sale constraints, overreaction could strengthen short-term overpricing, which will eventually be corrected in the long run as investors observe future news and realize their errors (Savor, 2012; Da et al., 2013; Hameed and Mian, 2015).”
Idiosyncratic Shocks to Firm Underlying Economics and Abnormal Accruals (2017, unknown): “” Sutton (2007) argues that business models are dynamic, and “(i)t is also likely that even successful business models will at some point need to be revamped, and possibly even abandoned” (Teece 2010).”