Colón-De-Armas, Carlos; Rodriguez, Javier; Romero, Herminio - In: Review of Behavioral Finance 9 (2017) 3, pp. 227-241
Purpose The purpose of this paper is to examine the shifts in investor sentiment around the last seven US presidential elections (1988 through 2012). Design/methodology/approach Investor sentiment is measured by changes in closed-end funds discounts, and the results are corroborated with three...