Publication: Investor sentiment effect in stock markets: stock characteristics or country-specific factors?
Consultable a partir de
2016-07-01
Date
2013
Director
Publisher
Elsevier
Acceso abierto / Sarbide irekia
Artículo / Artikulua
Versión aceptada / Onetsi den bertsioa
Project identifier
MICINN//ECO2009-12819-C03-01/ES/
MINECO//ECO2012-35946-C02-01/ES/
MINECO//ECO2012-35946-C02-01/ES/
Abstract
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 markets. The variation appears to involve both stock characteristics and cross-country cultural or institutional differences. The results also show sensitivity to the choice of sentiment proxy.
Description
Keywords
Sentiment, Stock market, Stock characteristics, Country-specific factors, European stock markets
Department
Gestión de Empresas / Enpresen Kudeaketa
Faculty/School
Degree
Doctorate program
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© 2013 Elsevier Inc. The manuscript version is made available under the CC BY-NC-ND 4.0 license.
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