This paper specifcally investigates the efects of US government emergency actions on the investor sentiment … nexus. Using a new frm-specifc Twitter investor sentiment (TS) metric and performing a panel smooth transition regression …

increased investor sentiment results in more positive market behav‑ ior, and higher stock prices lead to increased investor … reduce this risk. This study ofers a fresh perspective on the traditional issues of investor sentiment reliability and the … causal relationship between investor sentiment and stock markets. …

, we use textual analysis to construct an investor sentiment indicator and fnd that positive investor sentiment boosts … cryptocurrency market returns. However, when positive investor sentiment prevails in the cryptocurrency market, the holiday efect … weakens, implying that positive investor sentiment attenuates the holiday efect. Robustness tests based on the Bitcoin market …