Zouaoui, Mohamed; Nouyrigat, Geneviève; Beer, Francisca - Université de Bourgogne - CREGO EA7317 Centre de … - 2011
We test the impact of investor sentiment on a panel of international stock markets. Specifically, we examine the influence of investor sentiment on the probability of stock market crises. We find that investor sentiment increases the probability of occurrence of stock market crises within a...