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Investor PSY-chology Surrounding 'Gangnam Style'

Kim, Y. Han (Andy) - 2017

The global success of the song, “Gangnam Style”, by the Korean rapper PSY in 2012, was an exogenous shock to investor enthusiasm for DI Corp., a Korean semiconductor manufacturer. Although DI Corp.'s business is not related to the entertainment industry, its co-CEO is the father of PSY....

Persistent link: https://www.econbiz.de/10012974176

Modeling the effects of investor sentiment and conditional volatility in international stock markets

Uygur, Utku; Taş, Oktay - In: Journal of applied finance & banking 2 (2012) 5, pp. 239-260

Behavioral finance argues that some properties of asset prices are most reasonably considered as deviations from fundamental value and they are caused by the presence of traders who are not fully rational hence called noise traders. Noise trader approach assumes that sentiment traders exert...

Persistent link: https://www.econbiz.de/10009673686

The Impact of Investor Sentiment on Stock Returns in Emerging Markets. The Case of Central European Markets

Corredor, Pilar - 2015

This paper studies the effect of investor sentiment on stock returns in three Central European markets: the Czech Republic, Hungary and Poland. The results show that sentiment is a key variable in the prices of stocks traded on these markets and its impact is stronger here than in more developed...

Persistent link: https://www.econbiz.de/10013014756

Investor Sentiment and the Risk-Return Tradeoff in the Brazilian Market

Piccoli, Pedro - 2016

The present study examines the influence of investor sentiment on the risk-return relationship in the Brazilian stock market from 2002 to 2015. Using the Consumer Confidence Index as a substitute for the level of investor sentiment, we found that the relationship between conditional variance and...

Persistent link: https://www.econbiz.de/10012978191

Family Status and Mutual Fund Performance

Clare, Andrew - 2014

Using a large and long sample of US and European mutual funds we examine the impact that the membership of a fund family has on performance. We test for strategic and competitive behaviour among family funds and whether this affects performance persistence and risk taking behaviour. We find no...

Persistent link: https://www.econbiz.de/10013063872

Does Investor Sentiment Predict Future Mexican Stock Market Returns?

Perez-Liston, Daniel - 2017

This paper studies whether investor sentiment can predict future Mexican stock market returns. Furthermore, we examine the dynamic correlation between sentiment and returns. Lastly, we examine whether sentiment innovations influence unexpected returns. We find that sentiment has significant...

Persistent link: https://www.econbiz.de/10012948714

Thinking Outside the Borders : Investors' Underreaction to Foreign Operations Information

Huang, Xing - 2019

I use industry-level returns in foreign markets to examine the hypothesis that value-relevant foreign information slowly diffuses into the stock prices of U.S. multinational firms. A trading strategy that exploits foreign information generates abnormal returns of 0.8% monthly. I find that the...

Persistent link: https://www.econbiz.de/10012905785

Individual Investors

Cronqvist, Henrik - 2017

Traditional finance explains individual investors' behavior and financial decision-making based on economic incentives and rationality. Modern finance, however, takes a holistic view and searches for not only economic but also biological, psychological, and social factors that shape...

Persistent link: https://www.econbiz.de/10012955807

Dynamics of the Flow-Performance Relationship

Serafimov, Lyubomir - 2019

We employ a dataset of Europe-wide-sold and US-sold equity mutual funds to investigate how flows of assets relate to past performance in the past decade and a half. We show that the flow-performance relationship changes in time and differs in Europe and US. We find that the typical for the US,...

Persistent link: https://www.econbiz.de/10012897981

Exportweltmeister : the low returns on Germany's capital exports

Hünnekes, Franziska; Schularick, Moritz; Trebesch, … - 2019 - This version: July 3, 2019

Germany is world champion in exporting capital ("Exportweltmeister"). No other country invests larger amounts of … savings outside its borders. However, Germany plays in the third division when it comes to investment performance, as we show … in this paper. We study the returns on German foreign investments from 1950 to 2017 and find that: (1) Germany's annual …

Persistent link: https://www.econbiz.de/10012025673

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