• Analysts herding: when does sentiment matter? 

      Blasco de las Heras, Natividad; Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid (Routledge, 2018)   Artículo / Artikulua  OpenAccess
      Herding among analysts emerges when analysts give priority to their peers’ opinions instead of their own beliefs or information. Some circumstances may enhance or restrain this type of behaviour. We postulate that market ...
    • Complexity is never simple: intangible intensity and analyst accuracy 

      Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid; Suárez Suárez, Nuria Upna (SAGE, 2020)   Artículo / Artikulua  OpenAccess
      We examine the relationship between intangible intensity and the accuracy of analyst forecasts. Using an international sample of 2,200 firms during 2000–2016, we show that analyst accuracy decreases significantly when ...
    • Consumer confidence indices and stock markets' meltdowns 

      Ferrer Zubiate, Elena Upna Orcid; Salaber, Julie; Zalewska, Anna (Routledge, 2016)   Artículo / Artikulua  OpenAccess
      Consumer confidence indices (CCIs) are a closely monitored barometer of countries' economic health, and an informative forecasting tool. Using European and US data, we provide a case study of the two recent stock market ...
    • Does analyst information influence the cost of debt? Some international evidence 

      Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid; Suárez Suárez, Nuria Upna (Elsevier, 2019)   Artículo / Artikulua  OpenAccess
      We examine the contribution of analyst forecasting accuracy in reducing the average total cost of debt to firms. Our results reinforce the importance of analyst accuracy as a mechanism for reducing information asymmetries ...
    • Does investor sentiment affect bank stability? International evidence from lending behavior 

      Cubillas, Elena; Ferrer Zubiate, Elena Upna Orcid; Suárez Suárez, Nuria Upna (Elsevier, 2021)   Artículo / Artikulua  OpenAccess
      We study the impact of investor sentiment on bank credit and how changes in lending may affect bank stability. We analyze a sample of 2,673 banks from 127 developed and developing countries during the 1997–2016 period. Our ...
    • Enhancing learning in the finance classroom 

      Abinzano Guillén, María Isabel Upna Orcid; Corredor Casado, María Pilar Upna Orcid; Río Solano, María Cristina del Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; González Urteaga, Ana Upna Orcid; Mansilla Fernández, José Manuel Upna Orcid; Martínez García, Beatriz Upna Orcid; Muga Caperos, Luis Fernando Upna Orcid (Universidad Politécnica de Valencia., 2022)   Contribución a congreso / Biltzarrerako ekarpena  OpenAccess
      This paper aims to describe a teaching-learning experience based on ProjectBased Learning (PBL). This experience is part of an educational innovation project devoted to transforming finance classes in various facets of ...
    • The impact of investor sentiment on stock returns in emerging markets. The case of Central European markets 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Taylor & Francis, 2015)   Artículo / Artikulua  OpenAccess
      This paper studies the effect of investor sentiment on stock returns in three Central European markets: the Czech Republic, Hungary and Poland. The results show that sentiment is a key variable in the prices of stocks ...
    • Investor sentiment effect in stock markets: stock characteristics or country-specific factors? 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (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 ...
    • Is cognitive bias really present in analyst forecasts? The role of investor sentiment 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Elsevier, 2014)   Artículo / Artikulua  OpenAccess
      This paper analyses four key markets within the European context. In this context, where the level of analyst coverage is lower than in the US setting, we aim to ascertain whether the origin of optimism in analyst forecasts ...
    • The role of sentiment and stock characteristics in the translation of analysts’ forecasts into recommendations 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Elsevier, 2019)   Artículo / Artikulua  OpenAccess
      The purpose of this paper is to further understanding of the determinants of analysts’ translational effectiveness and, specifically, the role of stock characteristics in the impact of sentiment in the translation of ...
    • Sentiment-prone investors and volatility dynamics between spot and futures markets 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Elsevier, 2015)   Artículo / Artikulua  OpenAccess
      This paper analyses the role of investor sentiment in the contemporaneous dynamics of spot and futures markets and in volatility spillovers between them. To explore this issue, we analyse spot and futures markets on stock ...
    • El sentimiento del inversor y las rentabilidades de las acciones. El caso español 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (AECATaylor & Francis, 2013)   Artículo / Artikulua  OpenAccess
      El presente trabajo analiza el efecto del sentimiento en las rentabilidades de los activos del mercado español. Los resultados muestran un efecto significativo del índice de sentimiento local sobre las rentabilidades de ...
    • Sustainability disclosure and financial analysts' accuracy: the European case 

      Ferrer Zubiate, Elena Upna Orcid; López Arceiz, Francisco José Upna Orcid; Río Solano, María Cristina del Upna Orcid (WileyERP Environment, 2020)   Artículo / Artikulua  OpenAccess
      This study aims to analyze whether the adoption of Directive 2014/95/EU on sustainability disclosure has contributed to more truthful reporting to financial analysts in terms of risks and firms' performance. Financial ...
    • Value of analysts’ consensus recommendations and investor sentiment 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Taylor & Francis, 2013)   Artículo / Artikulua  OpenAccess
      This paper studies the effect of investor sentiment on analysts' consensus recommendations. Our results show that the optimistic bias of analysts in the issuing of recommendations is affected by investor sentiment: the ...

      El Repositorio ha recibido la ayuda de la Fundación Española para la Ciencia y la Tecnología para la realización de actividades en el ámbito del fomento de la investigación científica de excelencia, en la Línea 2. Repositorios institucionales (convocatoria 2020-2021).
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