Whether investor sentiment affects stock prices is an issue of long-standing interest for
economists. We conduct a comprehensive study of the predictability of investor sentiment …

Purpose This study creates a measure of investor sentiment directly from retail trader activity
to identify misvaluation and to examine the link between sentiment and subsequent returns …

This paper investigates the empirical evidence of the effects of public sentiments on industry
stock returns and volatility dynamics in Australia based on the states of the market that …

We extend the noise trader risk model of Delong et al.(J Polit Econ 98: 703–738, 1990) to a
model with multiple risky assets to demonstrate the effect of investor sentiment on the cross …

Purpose The current study aims to investigate the impacts of two behavioral biases, namely,
loss aversion and overconfidence on the performance of US companies. First, the impact of …

This paper proposes the development of an improved investor sentiment index (ISI) to apply
on the Korea Composite Stock Price Index (KOSPI) and assess the vitality of sentiment …

This study investigates the effects of investor sentiment on asset returns with respect to firm
characteristics. By analysing a unique stock trading dataset of the Korean Stock Market that …

This study examines the role of product market competition in explaining the relationship
between investor sentiment and stock returns. We also consider how financial crises, which …

Recent behavioral asset pricing models and the popular press suggest that investors may
follow similar strategies resulting in crowded equity positions to push prices further away …

This study examines the relationship between investor sentiment and stock returns in two
active but different Korean stock markets. Using daily KOSPI and KOSDAQ data, we …