Institutional investor sentiment, beta, and stock returns
(2019)
Journal Article
Wang, W. (2020). Institutional investor sentiment, beta, and stock returns. Finance Research Letters, 37, https://doi.org/10.1016/j.frl.2019.101374
This paper examines the role of institutional investor sentiment in determination of the beta-return relation. Empirical evidence documents a positive (negative) beta-return relation over bearish (bullish) periods, implying that institutional investo... Read More about Institutional investor sentiment, beta, and stock returns.