RELATIONSHIP BETWEEN INVESTORS SENTIMENT INDEX WITH FIRST AND SECOND MARKET INDEXES IN TEHRAN STOCK EXCHANGE (TSE)
http://dx.doi.org/10.5902/2179460X19424The process of being affected of the investors in decision making from their sentiment has been considered in many recent researches in the field of the financial assets pricing. Some authors suggest that shifts in investor sentiment may in some instances bette...
| Autores: | , |
|---|---|
| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2015 |
| País: | Brasil |
| Institución: | Universidade Federal de Santa Maria (UFSM) |
| Repositorio: | Revista Ciência e Natura (Online) |
| Idioma: | portugués |
| OAI Identifier: | oai:ojs.pkp.sfu.ca:article/19424 |
| Acceso en línea: | https://periodicos.ufsm.br/cienciaenatura/article/view/19424 |
| Access Level: | acceso abierto |
| Palabra clave: | Behavioral Finance Equity Market Sentiment Index Tehran Stock Exchange |
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RELATIONSHIP BETWEEN INVESTORS SENTIMENT INDEX WITH FIRST AND SECOND MARKET INDEXES IN TEHRAN STOCK EXCHANGE (TSE)Relationship Between Ivestors Sentiment Index with Frst and Second Market Indexes in Tehran Stock Exchange (TSE)Behavioral FinanceEquity Market Sentiment IndexTehran Stock Exchangehttp://dx.doi.org/10.5902/2179460X19424The process of being affected of the investors in decision making from their sentiment has been considered in many recent researches in the field of the financial assets pricing. Some authors suggest that shifts in investor sentiment may in some instances better explain shortterm movement in asset prices than any other set of fundamental factors. The present study tries to investigate the relation between the investors sentiment index and First and Second Market Indexes in Tehran Stock Exchange Market. This paper, an index was used in order to measure the available data on sentiment of the investors in facing the risks in a 142-month period (2001 – 2014) in Tehran Stock Exchange. The used index can reveal and present the situation of the Iranian capital Market in terms of the Investors Sentiments. The results obtained from the present study reveal a positive and significant relation between the investors’ sentiment Index of the Tehran Exchange First and Second Market Indexes; and also by using from Granger Causality Test, it was revealed that there is a mutual causality relation between the investors’ sentiment Indexes of the TEFMIX and TESMIX.The process of being affected of the investors in decision making from their sentiment has been considered in many recent researches in the field of the financial assets pricing. Some authors suggest that shifts in investor sentiment may in some instances better explain short-term movement in asset prices than any other set of fundamental factors. The present study tries to investigate the relation between the investors sentiment index and First and Second Market Indexes in Tehran Stock Exchange Market. This paper, an index was used in order to measure the available data on sentiment of the investors in facing the risks in a 142-month period (2001 – 2014) in Tehran Stock Exchange. The used index can reveal and present the situation of the Iranian capital Market in terms of the Investors Sentiments. The results obtained from the present study reveal a positive and significant relation between the investors’ sentiment Index of the Tehran Exchange First and Second Market Indexes; and also by using from Granger Causality Test, it was revealed that there is a mutual causality relation between the investors’ sentiment Indexes of the TEFMIX and TESMIX.Universidade Federal de Santa Maria2015-09-14info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://periodicos.ufsm.br/cienciaenatura/article/view/1942410.5902/2179460X19424Ciência e Natura; Vol. 37 (2015): SPECIAL EDITION - UNIVERSITY OF THE ISLAMIC REPUBLIC OF IRAN; 16-24Ciência e Natura; v. 37 (2015): EDIÇÃO ESPECIAL – UNIVERSIDADE DA REPÚBLICA ISLÂMICA DO IRÃ; 16-242179-460X0100-8307reponame:Revista Ciência e Natura (Online)instname:Universidade Federal de Santa Maria (UFSM)instacron:UFSMporhttps://periodicos.ufsm.br/cienciaenatura/article/view/19424/pdfinfo:eu-repo/semantics/openAccessFayyazi, HadiMaharlouei, Rasoul Goshtasbi2018-08-27T21:15:30Zoai:ojs.pkp.sfu.ca:article/19424Revistahttps://periodicos.ufsm.br/cienciaenatura/indexPUBhttps://periodicos.ufsm.br/cienciaenatura/oaicienciaenatura@ufsm.br || centraldeperiodicos@ufsm.br2179-460X0100-8307opendoar:2018-08-27T21:15:30Revista Ciência e Natura (Online) - Universidade Federal de Santa Maria (UFSM)false |
| dc.title.none.fl_str_mv |
RELATIONSHIP BETWEEN INVESTORS SENTIMENT INDEX WITH FIRST AND SECOND MARKET INDEXES IN TEHRAN STOCK EXCHANGE (TSE) Relationship Between Ivestors Sentiment Index with Frst and Second Market Indexes in Tehran Stock Exchange (TSE) |
| title |
RELATIONSHIP BETWEEN INVESTORS SENTIMENT INDEX WITH FIRST AND SECOND MARKET INDEXES IN TEHRAN STOCK EXCHANGE (TSE) |
| spellingShingle |
RELATIONSHIP BETWEEN INVESTORS SENTIMENT INDEX WITH FIRST AND SECOND MARKET INDEXES IN TEHRAN STOCK EXCHANGE (TSE) Fayyazi, Hadi Behavioral Finance Equity Market Sentiment Index Tehran Stock Exchange |
| title_short |
RELATIONSHIP BETWEEN INVESTORS SENTIMENT INDEX WITH FIRST AND SECOND MARKET INDEXES IN TEHRAN STOCK EXCHANGE (TSE) |
| title_full |
RELATIONSHIP BETWEEN INVESTORS SENTIMENT INDEX WITH FIRST AND SECOND MARKET INDEXES IN TEHRAN STOCK EXCHANGE (TSE) |
| title_fullStr |
RELATIONSHIP BETWEEN INVESTORS SENTIMENT INDEX WITH FIRST AND SECOND MARKET INDEXES IN TEHRAN STOCK EXCHANGE (TSE) |
| title_full_unstemmed |
RELATIONSHIP BETWEEN INVESTORS SENTIMENT INDEX WITH FIRST AND SECOND MARKET INDEXES IN TEHRAN STOCK EXCHANGE (TSE) |
| title_sort |
RELATIONSHIP BETWEEN INVESTORS SENTIMENT INDEX WITH FIRST AND SECOND MARKET INDEXES IN TEHRAN STOCK EXCHANGE (TSE) |
| dc.creator.none.fl_str_mv |
Fayyazi, Hadi Maharlouei, Rasoul Goshtasbi |
| author |
Fayyazi, Hadi |
| author_facet |
Fayyazi, Hadi Maharlouei, Rasoul Goshtasbi |
| author_role |
author |
| author2 |
Maharlouei, Rasoul Goshtasbi |
| author2_role |
author |
| dc.subject.por.fl_str_mv |
Behavioral Finance Equity Market Sentiment Index Tehran Stock Exchange |
| topic |
Behavioral Finance Equity Market Sentiment Index Tehran Stock Exchange |
| description |
http://dx.doi.org/10.5902/2179460X19424The process of being affected of the investors in decision making from their sentiment has been considered in many recent researches in the field of the financial assets pricing. Some authors suggest that shifts in investor sentiment may in some instances better explain shortterm movement in asset prices than any other set of fundamental factors. The present study tries to investigate the relation between the investors sentiment index and First and Second Market Indexes in Tehran Stock Exchange Market. This paper, an index was used in order to measure the available data on sentiment of the investors in facing the risks in a 142-month period (2001 – 2014) in Tehran Stock Exchange. The used index can reveal and present the situation of the Iranian capital Market in terms of the Investors Sentiments. The results obtained from the present study reveal a positive and significant relation between the investors’ sentiment Index of the Tehran Exchange First and Second Market Indexes; and also by using from Granger Causality Test, it was revealed that there is a mutual causality relation between the investors’ sentiment Indexes of the TEFMIX and TESMIX. |
| publishDate |
2015 |
| dc.date.none.fl_str_mv |
2015-09-14 |
| dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
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article |
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publishedVersion |
| dc.identifier.uri.fl_str_mv |
https://periodicos.ufsm.br/cienciaenatura/article/view/19424 10.5902/2179460X19424 |
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https://periodicos.ufsm.br/cienciaenatura/article/view/19424 |
| identifier_str_mv |
10.5902/2179460X19424 |
| dc.language.iso.fl_str_mv |
por |
| language |
por |
| dc.relation.none.fl_str_mv |
https://periodicos.ufsm.br/cienciaenatura/article/view/19424/pdf |
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info:eu-repo/semantics/openAccess |
| eu_rights_str_mv |
openAccess |
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application/pdf |
| dc.publisher.none.fl_str_mv |
Universidade Federal de Santa Maria |
| publisher.none.fl_str_mv |
Universidade Federal de Santa Maria |
| dc.source.none.fl_str_mv |
Ciência e Natura; Vol. 37 (2015): SPECIAL EDITION - UNIVERSITY OF THE ISLAMIC REPUBLIC OF IRAN; 16-24 Ciência e Natura; v. 37 (2015): EDIÇÃO ESPECIAL – UNIVERSIDADE DA REPÚBLICA ISLÂMICA DO IRÃ; 16-24 2179-460X 0100-8307 reponame:Revista Ciência e Natura (Online) instname:Universidade Federal de Santa Maria (UFSM) instacron:UFSM |
| instname_str |
Universidade Federal de Santa Maria (UFSM) |
| instacron_str |
UFSM |
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UFSM |
| reponame_str |
Revista Ciência e Natura (Online) |
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Revista Ciência e Natura (Online) |
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Revista Ciência e Natura (Online) - Universidade Federal de Santa Maria (UFSM) |
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cienciaenatura@ufsm.br || centraldeperiodicos@ufsm.br |
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1853664254160273408 |
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15.301629 |