Akhtar, Shumi; Faff, Robert; Oliver, Barry; … - In: Journal of Banking & Finance 36 (2012) 12, pp. 3289-3301
We document asymmetric announcement effects of consumer sentiment news on United States stock and stock futures markets. While a negative market effect occurs upon the release of bad sentiment news, there is no market reaction for the counterpart good news. This supports the “negativity...