articleTop 1% cited

Mean reversion in stock prices

Journal of Financial Economics · 1988 · Vol. 22(1) · pp. 27–59

James M. Poterba✉(Massachusetts Institute of Technology)Lawrence H. Summers(Harvard University)

Financial Markets and Investment Strategies Financial Risk and Volatility Modeling Complex Systems and Time Series AnalysisMean reversionReversionStock (firearms)EconomicsFinancial economicsMonetary economicsGeographyChemistry

Citations

1,880

FWCI

43.10

field-weighted impact

References

Percentile

100%

vs. same field & year

Citations per year

Cited by

Investor Psychology and Asset Pricing

The Journal of Finance · 2001 · 2,421 citations

Are Insider Trades Informative?

Review of Financial Studies · 2001 · 1,292 citations

A model of investor sentiment1We are grateful to the NSF for financial support, and to Oliver Blanchard, Alon Brav, John Campbell (a referee), John Cochrane, Edward Glaeser, J.B. Heaton, Danny Kahneman, David Laibson, Owen Lamont, Drazen Prelec, Jay Ritter (a referee), Ken Singleton, Dick Thaler, an anonymous referee, and the editor, Bill Schwert, for comments.1

Journal of Financial Economics · 1998 · 2,713 citations

When Are Contrarian Profits Due to Stock Market Overreaction?

Review of Financial Studies · 1990 · 1,775 citations

The Noise Trader Approach to Finance

The Journal of Economic Perspectives · 1990 · 1,638 citations

Prospect Theory and Asset Prices

The Quarterly Journal of Economics · 2001 · 1,901 citations

The Impact of Corporate Sustainability on Organizational Processes and Performance

Management Science · 2014 · 3,222 citations

On the Estimation of Beta-Pricing Models

Review of Financial Studies · 1992 · 1,686 citations

References

Expected stock returns and volatility

Journal of Financial Economics · 1987 · 4,255 citations

Permanent and Temporary Components of Stock Prices

Journal of Political Economy · 1988 · 3,099 citations

Dividend yields and expected stock returns

Journal of Financial Economics · 1988 · 3,718 citations

Asset Prices in an Exchange Economy

Econometrica · 1978 · 5,159 citations

Brownian Motion in the Stock Market

Operations Research · 1959 · 943 citations

Does the Stock Market Overreact?

The Journal of Finance · 1985 · 7,172 citations

On estimating the expected return on the market

Journal of Financial Economics · 1980 · 2,911 citations

Stock Market Prices Do Not Follow Random Walks: Evidence from a Simple Specification Test

Review of Financial Studies · 1988 · 3,756 citations

Citation Network

How this paper connects to the literature. Drag to explore, click any node to open that paper.