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

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...

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Detalles Bibliográficos
Autores: Corredor Casado, María Pilar, Ferrer Zubiate, Elena, Santamaría Aquilué, Rafael
Tipo de recurso: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2013
País:España
Institución:Universidad Pública de Navarra
Repositorio:Academica-e. Repositorio Institucional de la Universidad Pública de Navarra
OAI Identifier:oai:academica-e.unavarra.es:2454/18656
Acceso en línea:https://hdl.handle.net/2454/18656
Access Level:acceso abierto
Palabra clave:Sentiment
Stock market
Stock characteristics
Country-specific factors
European stock markets
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spelling Investor sentiment effect in stock markets: stock characteristics or country-specific factors?Corredor Casado, María PilarFerrer Zubiate, ElenaSantamaría Aquilué, RafaelSentimentStock marketStock characteristicsCountry-specific factorsEuropean stock marketsThis 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.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).ElsevierGestión de EmpresasEnpresen Kudeaketa2013info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersionapplication/pdfhttps://hdl.handle.net/2454/18656reponame:Academica-e. Repositorio Institucional de la Universidad Pública de Navarrainstname:Universidad Pública de NavarraInglésinfo:eu-repo/grantAgreement/MICINN//ECO2009-12819-C03-01info:eu-repo/grantAgreement/MINECO//ECO2012-35946-C02-01© 2013 Elsevier Inc. The manuscript version is made available under the CC BY-NC-ND 4.0 license.https://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:academica-e.unavarra.es:2454/186562026-06-17T12:41:47Z
dc.title.none.fl_str_mv Investor sentiment effect in stock markets: stock characteristics or country-specific factors?
title Investor sentiment effect in stock markets: stock characteristics or country-specific factors?
spellingShingle Investor sentiment effect in stock markets: stock characteristics or country-specific factors?
Corredor Casado, María Pilar
Sentiment
Stock market
Stock characteristics
Country-specific factors
European stock markets
title_short Investor sentiment effect in stock markets: stock characteristics or country-specific factors?
title_full Investor sentiment effect in stock markets: stock characteristics or country-specific factors?
title_fullStr Investor sentiment effect in stock markets: stock characteristics or country-specific factors?
title_full_unstemmed Investor sentiment effect in stock markets: stock characteristics or country-specific factors?
title_sort Investor sentiment effect in stock markets: stock characteristics or country-specific factors?
dc.creator.none.fl_str_mv Corredor Casado, María Pilar
Ferrer Zubiate, Elena
Santamaría Aquilué, Rafael
author Corredor Casado, María Pilar
author_facet Corredor Casado, María Pilar
Ferrer Zubiate, Elena
Santamaría Aquilué, Rafael
author_role author
author2 Ferrer Zubiate, Elena
Santamaría Aquilué, Rafael
author2_role author
author
dc.contributor.none.fl_str_mv Gestión de Empresas
Enpresen Kudeaketa
dc.subject.none.fl_str_mv Sentiment
Stock market
Stock characteristics
Country-specific factors
European stock markets
topic Sentiment
Stock market
Stock characteristics
Country-specific factors
European stock markets
description 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.
publishDate 2013
dc.date.none.fl_str_mv 2013
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2454/18656
url https://hdl.handle.net/2454/18656
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv info:eu-repo/grantAgreement/MICINN//ECO2009-12819-C03-01
info:eu-repo/grantAgreement/MINECO//ECO2012-35946-C02-01
dc.rights.none.fl_str_mv © 2013 Elsevier Inc. The manuscript version is made available under the CC BY-NC-ND 4.0 license.
https://creativecommons.org/licenses/by-nc-nd/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv © 2013 Elsevier Inc. The manuscript version is made available under the CC BY-NC-ND 4.0 license.
https://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Academica-e. Repositorio Institucional de la Universidad Pública de Navarra
instname:Universidad Pública de Navarra
instname_str Universidad Pública de Navarra
reponame_str Academica-e. Repositorio Institucional de la Universidad Pública de Navarra
collection Academica-e. Repositorio Institucional de la Universidad Pública de Navarra
repository.name.fl_str_mv
repository.mail.fl_str_mv
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