Abstract
It has been an extraordinary week for Volkswagen managers and investors alike as markets issued their punishment for the company’s admission of emissions test cheating. Standard financial economics theory states that trading trends are based on rational investors’ expectations of future cashflows, discounted back to wherever the stock had got to at that point. But has the VW share price reaction followed that rationale?
| Original language | English |
|---|---|
| Specialist publication | The Conversation |
| Publication status | Published - 25 Sept 2015 |