Now showing items 1-2 of 2
Detecting intentional herding: what lies beneath intraday data in the Spanish stock market
(Palgrave Macmillan, 2011) Artículo / Artikulua,
This paper examines the intentional herd behaviour of market participants, using Li´s test to compare the probability distributions of the scaled cross-sectional deviation in returns in the intraday market with the ...
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 ...