All Outputs (4)

Does Mood Explain the Monday Effect?: Mood and the Monday Effect (2014)
Journal Article
Abu Bakar, A., Siganos, A., & Vagenas-Nanos, E. (2014). Does Mood Explain the Monday Effect?: Mood and the Monday Effect. Journal of Forecasting, 33(6), 409-418. https://doi.org/10.1002/for.2305

A number of studies have explored the sources of the Monday effect, according to which returns are on average negative on Mondays. We contribute to the literature by exploring whether a direct measure of mood explains the Monday effect. In line with... Read More about Does Mood Explain the Monday Effect?: Mood and the Monday Effect.

A comparison of the stock market reactions of convertible bond offerings between financial and non-financial institutions: Do they differ? (2014)
Journal Article
Li, H., Liu, H., & Siganos, A. (2016). A comparison of the stock market reactions of convertible bond offerings between financial and non-financial institutions: Do they differ?. International Review of Financial Analysis, 45, 356-366. https://doi.org/10.

We focus on the stock price reaction to convertible bond offering made by financial institutions and find that the cumulative abnormal return over the three day interval around convertible bond issuance is 1.41 percentage higher than that for non-fin... Read More about A comparison of the stock market reactions of convertible bond offerings between financial and non-financial institutions: Do they differ?.

Facebook's daily sentiment and international stock markets (2014)
Journal Article
Siganos, A., Vagenas-Nanos, E., & Verwijmeren, P. (2014). Facebook's daily sentiment and international stock markets. Journal of Economic Behavior and Organization, 107, part B, 730-743. https://doi.org/10.1016/j.jebo.2014.06.004

We examine the relation between daily sentiment and trading behavior within 20 international markets by exploiting Facebook's Gross National Happiness Index. We find that sentiment has a positive contemporaneous relation to stock returns. Moreover, s... Read More about Facebook's daily sentiment and international stock markets.

FT coverage and UK target price run-ups (2014)
Journal Article
Siganos, A., & Papa, M. (2015). FT coverage and UK target price run-ups. European Journal of Finance, 21(12), 1070-1089. https://doi.org/10.1080/1351847x.2014.924077

We focus on the market expectation hypothesis to explain the increase in share prices and trading volume of target firms before their merger announcements that have conventionally been attributed to either insider trading or market expectation. We us... Read More about FT coverage and UK target price run-ups.