Investor sentiment effect in stock markets: stock characteristics or country-specific factors?

Corredor Casado, María Pilar; Ferrer Zubiate, Elena; Santamaría Aquilué, Rafael

Publication:
Investor sentiment effect in stock markets: stock characteristics or country-specific factors?

dc.contributor.author	Corredor Casado, María Pilar
dc.contributor.author	Ferrer Zubiate, Elena
dc.contributor.author	Santamaría Aquilué, Rafael
dc.contributor.department	Gestión de Empresas	es_ES
dc.contributor.department	Enpresen Kudeaketa	eu
dc.date.accessioned	2015-10-27T12:34:36Z
dc.date.available	2016-07-01T23:00:15Z
dc.date.issued	2013
dc.description.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.	en
dc.description.sponsorship	This paper has received financial support from the Spanish Ministry of Science and Innovation (ECO2009-12819) and from the Spanish Ministry of Economy and Competitiveness (ECO2012-35946-C02-01).	en
dc.embargo.lift	2016-07-01
dc.embargo.terms	2016-07-01
dc.format.mimetype	application/pdf	en
dc.identifier.doi	10.1016/j.iref.2013.02.001
dc.identifier.issn	1059-0560
dc.identifier.uri	https://academica-e.unavarra.es/handle/2454/18656
dc.language.iso	eng	en
dc.publisher	Elsevier	en
dc.relation.ispartof	International Review of Economics and Finance 27 (2013) 572–591	en
dc.relation.projectID	info:eu-repo/grantAgreement/MICINN//ECO2009-12819-C03-01/ES/	en
dc.relation.projectID	info:eu-repo/grantAgreement/MINECO//ECO2012-35946-C02-01/ES/	en
dc.relation.publisherversion	https://dx.doi.org/10.1016/j.iref.2013.02.001
dc.rights	© 2013 Elsevier Inc. The manuscript version is made available under the CC BY-NC-ND 4.0 license.	en
dc.rights.accessRights	info:eu-repo/semantics/openAccess
dc.rights.uri	https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject	Sentiment	en
dc.subject	Stock market	en
dc.subject	Stock characteristics	en
dc.subject	Country-specific factors	en
dc.subject	European stock markets	en
dc.title	Investor sentiment effect in stock markets: stock characteristics or country-specific factors?	en
dc.type	info:eu-repo/semantics/article
dc.type.version	Versión aceptada / Onetsi den bertsioa	es
dc.type.version	info:eu-repo/semantics/acceptedVersion	en
dspace.entity.type	Publication
relation.isAuthorOfPublication	d0fb31bd-aa1a-4be4-bfdf-2d03e133b2cb
relation.isAuthorOfPublication	a227ec55-cebc-46cf-b073-0b03bb37a39f
relation.isAuthorOfPublication	8af201de-d15e-4cb3-a3e7-e1cb3f1b60ee
relation.isAuthorOfPublication.latestForDiscovery	d0fb31bd-aa1a-4be4-bfdf-2d03e133b2cb