Now showing items 1-9 of 9

    • Analysts herding: when does sentiment matter? 

      Blasco de las Heras, Natividad; Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid (Routledge, 2018)   Artículo / Artikulua  OpenAccess
      Herding among analysts emerges when analysts give priority to their peers’ opinions instead of their own beliefs or information. Some circumstances may enhance or restrain this type of behaviour. We postulate that market ...
    • Consumer confidence indices and stock markets' meltdowns 

      Ferrer Zubiate, Elena Upna Orcid; Salaber, Julie; Zalewska, Anna (Routledge, 2016)   Artículo / Artikulua  OpenAccess
      Consumer confidence indices (CCIs) are a closely monitored barometer of countries' economic health, and an informative forecasting tool. Using European and US data, we provide a case study of the two recent stock market ...
    • Does investor sentiment affect bank stability? International evidence from lending behavior 

      Cubillas, Elena; Ferrer Zubiate, Elena Upna Orcid; Suárez Suárez, Nuria (Elsevier, 2021)   Artículo / Artikulua
      We study the impact of investor sentiment on bank credit and how changes in lending may affect bank stability. We analyze a sample of 2,673 banks from 127 developed and developing countries during the 1997–2016 period. Our ...
    • The impact of investor sentiment on stock returns in emerging markets. The case of Central European markets 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Taylor & Francis, 2015)   Artículo / Artikulua  OpenAccess
      This paper studies the effect of investor sentiment on stock returns in three Central European markets: the Czech Republic, Hungary and Poland. The results show that sentiment is a key variable in the prices of stocks ...
    • Is cognitive bias really present in analyst forecasts? The role of investor sentiment 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Elsevier, 2014)   Artículo / Artikulua  OpenAccess
      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 ...
    • The role of sentiment and stock characteristics in the translation of analysts’ forecasts into recommendations 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Elsevier, 2019)   Artículo / Artikulua  OpenAccess
      The purpose of this paper is to further understanding of the determinants of analysts’ translational effectiveness and, specifically, the role of stock characteristics in the impact of sentiment in the translation of ...
    • Sentiment-prone investors and volatility dynamics between spot and futures markets 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Elsevier, 2015)   Artículo / Artikulua  OpenAccess
      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 

      Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (AECATaylor & Francis, 2013)   Artículo / Artikulua  OpenAccess
      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 ...
    • Value of analysts’ consensus recommendations and investor sentiment 

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