Ding, Cherng G.; Wang, Hung-Jui; Lee, Meng-Che; Hung, … - In: Emerging Markets Finance and Trade 50 (2014) 2S, pp. 144-158
We examine how the change in investor sentiment (IS) over time (the IS trend) affects stock returns. The turnover rates of trading shares, trading value, and transactions, three market measures of trading activity, have been demonstrated to meet the psychometric criteria for measuring the IS...
