Institutional investor sentiment and the mean-variance relationship: Global evidence
(2021)
Journal Article
Wang, W., & Duxbury, D. (2021). Institutional investor sentiment and the mean-variance relationship: Global evidence. Journal of Economic Behavior and Organization, 191, 415-441. https://doi.org/10.1016/j.jebo.2021.08.029
Although a cornerstone of traditional finance theory, empirical evidence in support of a positive mean-variance relation is far from conclusive, with the behavior of retail investors commonly thought to be one of the root causes of departures from th... Read More about Institutional investor sentiment and the mean-variance relationship: Global evidence.