Buscar
Mostrando ítems 1-10 de 20
Value of analysts’ consensus recommendations and investor sentiment
(Taylor & Francis, 2013)
Artículo / Artikulua,
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 ...
Investor sentiment effect in stock markets: stock characteristics or country-specific factors?
(Elsevier, 2013)
Artículo / Artikulua,
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
(Elsevier, 2014)
Artículo / Artikulua,
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 ...
Stock characteristics, investor type and market myopia
(Taylor & Francis, 2016)
Artículo / Artikulua,
This paper investigates the role of stock characteristics and investor type in market myopia. Using the Generalized Method of Moments (GMM) to control for endogeneity, we obtain evidence indicating that market myopia is ...
Does default probability matter in Latin American emerging markets?
(Taylor & Francis, 2013)
Artículo / Artikulua,
We analyse the impact of default probability in four leading Latin American stock markets (Argentina, Brazil, Chile and Mexico). We find no positive default risk premium except in the case of Brazil, and in fact find a ...
Is default risk the hidden factor in momentum returns? Some empirical results
(Wiley, 2014)
Artículo / Artikulua,
This paper analyzes the role of default risk in the momentum effect focusing on data from four developed European stock markets (France, Germany, Spain and the United Kingdom). Using a market-based measure of default risk, ...
Sentiment-prone investors and volatility dynamics between spot and futures markets
(Elsevier, 2015)
Artículo / Artikulua,
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 ...
Influence of IPO characteristics on liquidity
(AECATaylor & Francis, 2011)
Artículo / Artikulua,
Este estudio examina la relación existente entre las características que definen las Ofertas Públicas de Venta Iniciales (OPIs) y la liquidez de las acciones en circulación tras la ejecución de estas operaciones. Se argumenta ...
Game, set and match: the favorite long-shot bias in tennis betting exchanges
(Taylor & Francis, 2016)
Artículo / Artikulua,
We test for the existence of Favorite-Longshot Bias (FLB) in tennis betting exchanges. Despite these being order-driven markets, with no direct participation from bookmakers, we have found very similar results to those ...
The effect of US holidays on European markets: when the cat's away...
(Wiley, 2013)
Artículo / Artikulua,
This paper presents evidence of the existence of a return effect on European stock markets coinciding with NYSE holidays, which is particularly marked after positive closing returns on the NYSE the previous day. The effect ...