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Investor Sentiment and Stock Returns: Evidence from Romania
Oprea, Dragos Stefan; Brad, Laura - In: International Journal of Academic Research in … 4 (2014) 2, pp. 19-25
individual investor sentiment seems to be quickly removed by the force of arbitrage. The price adjustments are realized in less …
Persistent link: https://www.econbiz.de/10010789983
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Investor sentiment and stock returns: Some international evidence
Schmeling, Maik - Wirtschaftswissenschaftliche Fakultät, Leibniz … - 2008
We examine whether consumer confidence - as a proxy for individual investor sentiment - affects expected stock returns internationally in 18 industrialized countries. In line with recent evidence for the U.S., we find that sentiment negatively forecasts aggregate stock market returns on average...
Persistent link: https://www.econbiz.de/10005464759
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Arbitrage and Valuation in the Market for Standard and Poor's Depositary Receipts
Ackert, Lucy; Tian, Yisong S. - 2000
stock index that trade like shares of stock. Arbitrage costs are low because these assets have low fundamental risk, low … redemption feature facilitates arbitrage so that sophisticated traders can take advantage of and eliminate mispricing. However … performance of the S&P MidCap 400 index, an index of moderate capitalization firms, and are expected to have higher arbitrage …
Persistent link: https://www.econbiz.de/10009459103
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Investor Sentiment and Stock Returns: Evidence from Turkey
CanbaÅŸ, Serpil; Serkan Yılmaz Kandır - In: Emerging Markets Finance and Trade 45 (2009) 4, pp. 36-52
This paper investigates the relation between investor sentiment and stock returns on the Istanbul Stock Exchange, employing vector autoregressive (VAR) analysis and Granger causality tests. The sample period extends from July 1997 to June 2005. In the VAR models, stock portfolio returns and...
Persistent link: https://www.econbiz.de/10008592681
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Does Investor Sentiment Matter in Post-Communist East European Stock Markets?
Oprea, Dragos Stefan - In: International Journal of Academic Research in Business … 4 (2014) 8, pp. 356-366
This study examines the relation between the sentiment of noise traders and stock prices in ten Post-Communist East … Slovenia over the period April 2004 to March 2014. The results suggest that, in general, the sentiment of noise traders …
Persistent link: https://www.econbiz.de/10010890923
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How Does the Change in Investor Sentiment over Time Affect Stock Returns?
Ding, Cherng G.; Wang, Hung-Jui; Lee, Meng-Che; Hung, … - In: Emerging Markets Finance and Trade 50 (2014) 2S, pp. 144-158
arbitrage constraint. The effectiveness of arbitrage, sentiment-driven mispricing, and market intervention are discussed. …
Persistent link: https://www.econbiz.de/10010812093
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Investor sentiment and interest rate volatility smile: evidence from Eurodollar options markets
Chen, Cathy; Kuo, I-Doun - In: Review of Quantitative Finance and Accounting 43 (2014) 2, pp. 367-391
the sentiment measures. Our findings favor the limits to arbitrage hypothesis against the positive feedback hypothesis …
Persistent link: https://www.econbiz.de/10010867670
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Corporate Control: A Study of Firms on the Bucharest Stock Exchange
Telegdy, Almos; Earle, John S.; Kaznovsky, Victor; … - W.E. Upjohn Institute for Employment Research
Persistent link: https://www.econbiz.de/10010850018
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CURRENT STUDY ON THE FUNDING SOURCES COVERAGE OF CURRENT ASSETS TO COMPANIES LISTED ON THE BUCHAREST STOCK EXCHANGE
HADA, Teodor; AVRAM, Teodora Maria - In: Risk in Contemporary Economy (2014), pp. 245-253
This paper presents issues about the coverage with financing sources of current assets for 64 companies listed on the Bucharest Stock Exchange. The aim of the study is to see how to calculate indicators specific to current assets and the general framework offered as whole analysis of the...
Persistent link: https://www.econbiz.de/10010885115
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Increasing Financial Audit Quality Using A New Model To Estimate Financial Performance
Brasoveanu, Iulian Viorel; Dobre, Florin; Brad, Laura - In: Journal for Economic Forecasting (2014) 3, pp. 88-107
Establishing the performance of the companies is one of the facts that influence the shareholders’ attitude. As a fact, a framing category could further affect the evolution of the company and could influence the audit opinion. As creditworthiness should be given to audit, a performance...
Persistent link: https://www.econbiz.de/10010938022