Investor’s sentiments

This paper uses the component stocks of Yuanta Taiwan ESG ETF as observation samples to examine the impact of investor sentiment and ESG events on abnormal returns and volume. The empirical results of this study are as follows: (1) ETF component stock have abnormal returns and abnormal volumes before and after ESG events (2) Investor sentiment is negative correlated with abnormal returns and abnormal volumes. (3) The impact of ESG events will decrease the abnormal returns and abnormal volume of stocks.

22p dathienlang1012 03-05-2024 3 0   Download

Continued part 1, part 2 of ebook "Sustainability and social responsibility: Regulation and reporting" provides readers with contents including: market firm issues; corporate social disclosures by banks; social reporting in a health care organization; financial and sustainability reporting; corporate social responsibility, investor sentiment, and stock returns; an industry perspective on regulation and reporting;...

259p tuongnhuoclan 27-11-2023 6 3   Download

Ebook "Inefficient markets: An introduction to behavioral finance" describes an alternative approach to the study of financial markets: behavioral finance. This approach starts with an observation that the assumptions of investor rationality and perfect arbitrage are overwhelmingly contradicted by both psychological and institutional evidence. In actual financial markets, less than fully rational investors trade against arbitrageurs whose resources are limited by risk aversion, short horizons, and agency problems.

225p tichhythan 17-08-2023 11 5   Download

This fact requires serious studies on the influence of investors' psychology on the stock market in Vietnam and investors must understand all the factors that can cause influence the stock market to make effective investment decisions.

27p visteveballmer 06-11-2021 31 3   Download

Individual investors need to adjust any psychology (psychology in other words behavioral finance) to bring investment performance when investing on real estate markets. At the same time, which external environmental factors affect and explain to individual investors' sentiment in the context of the real estate market in Ho Chi Minh City, a market that is considered vibrant and in the Vietnamese context. global economic integration is increasingly extensive.

28p trinhthamhodang1217 14-01-2021 18 2   Download

In order to distribute earnings to shareholders, besides cash dividend, the firms can also buy back shares. However, compared to cash dividends, share repurchases are less common. Therefore, the thesis only focuses on cash dividend policy of the firms. Specifically, the thesis studies the dividend payment policy of 460 firms listed on HSX and HNX between 2010 and 2016. The data is collected from 2009 to 2017. The data needed for research is extracted from the Datastream database. The final sample includes 2,653 firmyear observations.

27p kequaidan6 15-07-2020 17 1   Download

This study’s main objective is to provide a framework to model conditional volatility regarding the changes in the investor sentiment by measuring the effect of noise trader demand shocks on the volatility of stock market indexes of the various countries. GARCH, TARCH, and EGARCH models are used to test whether earning shocks have more influence on the conditional volatility in high sentiment periods weakening the mean-variance relation.

22p nguyenminhlong19 21-04-2020 23 6   Download

Climatic change and epidemic disease could influence the investor sentiment. Under such circumstances, how to invest the stock market in different stock market states (bull, bear or neutral) is an important topic for investors. To capture the investor sentiment more precisely, we use principal component analysis to analyze some investor sentiment indicators, and then form a composite index of investor sentiment.

19p nguyenminhlong19 21-04-2020 26 7   Download

This paper is built upon the predictions of the catering theory of dividends and examines how the different institutional environments impact catering effect.

27p cothumenhmong4 24-03-2020 14 2   Download

The purpose of this study is to investigate whether auditing quality mitigates the impact of the investor’s sentiment on share market response to earnings news. Auditing quality involves auditor reputation quality and auditor implicit quality. The high-quality of auditing work can not only enhance the investors’ confidence, but also reduce the transaction costs.

13p vimadrid2711 18-12-2019 7 0   Download

The paper finds no volatility clustering and volatility persistence except in case of small cap index. This paper finds presence of noise trade and investors over-reaction in small cap stocks. EGARCH result supports for the presence of leverage effect, and confirms negative impact of consumer sentiment on small cap stocks.

14p viankara2711 04-12-2019 16 1   Download

The  aim  of  the  research  paper  is  to  examine  the  relationship  between  investor sentiment and stock market volatility in the context of Indian stock market. There is much research into the relationship between the two but very rarely taking India as a case, being the tenth largest economy of the world. Moreover, there has been scant research done on impact of political and economic events on investor sentiment and the stock markets.

124p nguyenyenyn117 17-06-2019 46 4   Download

Activity in the Asian real estate investment market rose significantly during the third quarter of 2010 and the period saw a noticeable improvement in investor sentiment. The quarter saw most of the region’s major real estate markets regain momentum after they had endured a brief period of uncertainty following the onset of the eurozone sovereign debt crisis.

28p votinhdon91 11-09-2014 59 5   Download

Asset management industry provides services and investment products to diverse clients such as individuals, corporations, government pension funds, provident and pension funds with various investment goals. Moreover, asset management plays an important role in saving and investment activities. Asset management services ranging from private investment fund for high net worth investors, provident and pension funds for the systematic long term investment and mutual funds for individuals with constraints in time, information, investment knowledge, and market sentiments.

16p hongphuocidol 04-04-2013 69 9   Download

This positive sentiment extended to non-euro area banks, with UK banks experiencing positive inflows of €13.3 billion compared to inflows of €9 billion for euro area banks. The higher figure for the UK may be partially accounted for by rebalancing from sovereign to corporate bonds as UK government bonds experienced an outflow of €3.7 billion, to close at €50.1 billion, alongside upward revaluations of €0.7 billion. UK banks’ participation in ECB operations, through their subsidiaries and branches, is also likely to have contributed to investor confidence. ...

15p hongphuocidol 04-04-2013 48 7   Download

It was the English poet W. H Auden who said many have lived without love, none without water: A sentiment that underlines the half way point of the new decade for action under the simple but poignant theme ‘Water is Life’. The challenge of water in the 21st century is one of both quantity and quality. This publication is about the quality dimension of that equation, highlighting the links between clean water and public health and the health of the wider environment. The fact is that, often as a result of mismanagement, much of the water that is available in developing but...

0p saimatkhauroi 01-02-2013 49 3   Download

I consider a continuous-time "two-trees" pure-exchange economy with in…nite horizon. There is a single consumption good which serves as the numeraire. There are two types of investors who are heterogeneous in endowments, beliefs, and enforcement technology. Heterogeneity in endowments and beliefs provide incentives for trade in the …nancial markets, which is driven by risk sharing motives and sentiment, respectively.

331p connhobinh 07-12-2012 65 7   Download

Second, the model is consistent with multifactor volatility models or CGARCH e¤ects. Both endowment risk and sentiment risk are associated with instantaneous shocks associated with the idiosyncratic risk embedded in the Brownian motions present in the investors endowments. In contrast, solvency risk is associated with the binding of solvency constraints, and therefore it occurs at a lower frequency.

35p connhobinh 07-12-2012 71 2   Download

I quantitatively measure the interactions between the media and the stock market using daily content from a popularWall Street Journal column. I find that high media pessimism predicts downward pressure on market prices followed by a reversion to fundamentals, and unusually high or low pessimism predicts high market trading volume.

30p bocapchetnguoi 06-12-2012 86 3   Download

All quoted companies should seek to have a diverse range of investors on their share register. Typically, the majority will comprise a range of institutional investors who will invest according to a range of criteria, in the main dictated by the structure and requirements of the funds they manage. Institutions tend to be longer-term investors, whereas private investors, who will comprise the balance of the register, often have shorter-term aspirations.

85p bocapchetnguoi 06-12-2012 69 1   Download