Now showing items 1-2 of 2

    • Detecting intentional herding: what lies beneath intraday data in the Spanish stock market 

      Blasco de las Heras, Natividad; Corredor Casado, María Pilar Upna; Ferreruela Garcés, Sandra (Palgrave Macmillan, 2011)   Artículo / Artikulua  OpenAccess
      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 

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