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dc.contributor.authorWang, Wenzhao
dc.date.accessioned2020-03-09T15:49:03Z
dc.date.accessioned2020-04-08T14:09:32Z
dc.date.available2020-03-09T15:49:03Z
dc.date.available2020-04-08T14:09:32Z
dc.date.issued2018-12
dc.identifier.citationWang W (2018) Investor sentiment and the mean-variance relationship: European evidence. Research in International Business and Finance. 46: 227-239.en_US
dc.identifier.urihttp://hdl.handle.net/10454/17746
dc.descriptionYesen_US
dc.description.abstractThis paper investigates the impact of investor sentiment on the mean-variance relationship in 14 European stock markets. Applying three approaches to define investors’ neutrality and determine high and low sentiment periods, we find that individual investors’ increased presence and trading over high-sentiment periods would undermine the risk-return tradeoff. More importantly, we report that investors’ optimism (pessimism) is more determined by their normal sentiment state, represented by the all-period average sentiment level, rather than the neutrality value set in sentiment surveys.en_US
dc.language.isoenen_US
dc.relation.isreferencedbyhttps://doi.org/10.1016/j.ribaf.2018.02.006en_US
dc.rights© 2018 Elsevier B.V. All rights reserved. Reproduced in accordance with the publisher's self-archiving policy. This manuscript version is made available under the CC-BY-NC-ND 4.0 license.
dc.subjectInvestor sentimenten_US
dc.subjectMean-variance relationshipen_US
dc.subjectRisk-return tradeoffen_US
dc.subjectVolatilityen_US
dc.titleInvestor sentiment and the mean-variance relationship: European evidenceen_US
dc.status.refereedYesen_US
dc.date.Accepted2018-02-27
dc.date.application2018-03-03
dc.typeArticleen_US
dc.type.versionAccepted Manuscripten_US
dc.date.updated2020-03-09T15:49:03Z
refterms.dateFOA2020-04-15T14:39:41Z


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