Impact of Investor Sentiment on Stock Returns
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kim, Youngkwang | - |
dc.contributor.author | Lee, Kaun Young | - |
dc.date.accessioned | 2022-02-24T07:40:22Z | - |
dc.date.available | 2022-02-24T07:40:22Z | - |
dc.date.issued | 2022-02 | - |
dc.identifier.issn | 2041-9945 | - |
dc.identifier.issn | 2041-6156 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/55310 | - |
dc.description.abstract | 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 construct an investor sentiment index that includes adjusted turnover rate, buy-sell imbalance, and relative strength index. We find that investor sentiment significantly affects stock returns, more so in the KOSDAQ with high individual participation. Company characteristics, including size and stock price, affect the relationship between investor sentiment and stock returns. Moreover, we introduce the relationship between mobile trading and investor sentiment, and demonstrate that mobile trading transforms irrational investors into informed, rational investors. | - |
dc.format.extent | 31 | - |
dc.language | 영어 | - |
dc.language.iso | ENG | - |
dc.publisher | WILEY | - |
dc.title | Impact of Investor Sentiment on Stock Returns | - |
dc.type | Article | - |
dc.identifier.doi | 10.1111/ajfs.12362 | - |
dc.identifier.bibliographicCitation | ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES, v.51, no.1, pp 132 - 162 | - |
dc.identifier.kciid | ART002820476 | - |
dc.description.isOpenAccess | N | - |
dc.identifier.wosid | 000754395000001 | - |
dc.identifier.scopusid | 2-s2.0-85124541561 | - |
dc.citation.endPage | 162 | - |
dc.citation.number | 1 | - |
dc.citation.startPage | 132 | - |
dc.citation.title | ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES | - |
dc.citation.volume | 51 | - |
dc.type.docType | Article | - |
dc.publisher.location | 미국 | - |
dc.subject.keywordAuthor | behavioral finance | - |
dc.subject.keywordAuthor | investor sentiment | - |
dc.subject.keywordAuthor | Korean stock market | - |
dc.subject.keywordAuthor | financial crisis | - |
dc.subject.keywordAuthor | mobile trading | - |
dc.subject.keywordPlus | TRADING BEHAVIOR | - |
dc.subject.keywordPlus | CROSS-SECTION | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Business, Finance | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.description.journalRegisteredClass | kci | - |
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