Now showing items 1-3 of 3

    • Does herding affect volatility? Implications for the Spanish stock market 

      Blasco de las Heras, Natividad; Corredor Casado, María Pilar Upna; Ferreruela Garcés, Sandra (Taylor & Francis, 2012)   Artículo / Artikulua  OpenAccess
      According to rational expectation models, uninformed or liquidity trading make market price volatility rise. This paper sets out to analyze the impact of herding, which may be interpreted as one of the components of ...
    • Investor sentiment effect in stock markets: stock characteristics or country-specific factors? 

      Corredor Casado, María Pilar Upna; Ferrer Zubiate, Elena Upna; Santamaría Aquilué, Rafael Upna (Elsevier, 2013)   Artículo / Artikulua  OpenAccess
      This paper analyzes the investor sentiment effect in four key European stock markets: France, Germany, Spain and the UK. The findings show that sentiment has a significant influence on returns, varying in intensity across ...
    • Market sentiment: a key factor of investors' imitative behaviour 

      Blasco de las Heras, Natividad; Corredor Casado, María Pilar Upna; Ferreruela Garcés, Sandra (Wiley, 2012)   Artículo / Artikulua  OpenAccess
      The aim of this paper is to explore herding behavior among investors in order to determine its rational and emotional component factors and identify relationships among them. We apply causality tests to evaluate the impact ...