The conditional impact of investor sentiment in global stock markets: A two-channel examination
(2022)
Journal Article
Wang, W., Su, C., & Duxbury, D. (2022). The conditional impact of investor sentiment in global stock markets: A two-channel examination. Journal of Banking and Finance, 138, Article 106458. https://doi.org/10.1016/j.jbankfin.2022.106458
While investor sentiment has been shown to have a robust, direct impact on stock returns, we know little about how it impacts returns through an indirect channel from conditional volatility. We conduct a global study of investor sentiment across 40 i... Read More about The conditional impact of investor sentiment in global stock markets: A two-channel examination.