Listar por autor UPNA "Santamaría Aquilué, Rafael"
Mostrando ítems 21-27 de 27
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The role of small bettors in price formation in betting exchanges
The presence of small bettors in betting exchanges generates mispricing, which can lead to exploitation by informed traders or result in permanent price deviations. This paper shows that mispricing from this source is also ... -
Sentiment-prone investors and volatility dynamics between spot and futures markets
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
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 ... -
Stock characteristics, investor type and market myopia
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 ... -
Sustainability for European investors: evidence from a sustainable ranking
La sostenibilidad corporativa implica una amplia perspectiva que sugiere la creación de valor para los stakeholders y requiere desarrollar algunos compromisos a nivel económico, social, ambiental y de gobierno. La medición ... -
El tipo de interés en las operaciones de préstamo: a vueltas con la usura
Se suele comenzar la referencia al sistema financiero calificándolo como el sistema (productos, intermediarios, mercados e instituciones) que permite canalizar el ahorro de las unidades económicas (individuos, empresas, ... -
Value of analysts’ consensus recommendations and investor sentiment
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 ...