All Outputs (3)

The mean–variance relation and the role of institutional investor sentiment (2018)
Journal Article
Wang, W. (2018). The mean–variance relation and the role of institutional investor sentiment. Economics Letters, 168, 61-64. https://doi.org/10.1016/j.econlet.2018.04.008

This paper investigates the role of institutional investor sentiment in the mean–variance relation. We find market returns are negatively (positively) related to market’s conditional volatility over bullish (bearish) periods. The evidence indicates i... Read More about The mean–variance relation and the role of institutional investor sentiment.

Fund performance-flow relationship and the role of institutional reform (2018)
Journal Article
Feng, J., & Wang, W. (2018). Fund performance-flow relationship and the role of institutional reform. Investment Management and Financial Innovations, 15(1), 311-327. https://doi.org/10.21511/imfi.15%281%29.2018.26

Extant literature shows the positive impact of institutional development on investor rationality and market efficiency. The authors extend this evidence by investigating the performance-flow relationship in the Chinese mutual fund market before and a... Read More about Fund performance-flow relationship and the role of institutional reform.

Investor sentiment and the mean-variance relationship: European evidence (2018)
Journal Article
Wang, W. (2018). Investor sentiment and the mean-variance relationship: European evidence. Research in International Business and Finance, 46, 227-239. https://doi.org/10.1016/j.ribaf.2018.02.006

This 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 i... Read More about Investor sentiment and the mean-variance relationship: European evidence.