Impact of Investor Sentiment on Contemporaneous and Future Equity Returns in Emerging Markets
نویسندگان
چکیده
The study is aimed to investigate the impact of investor sentiment on returns selected emerging equity markets i.e., Brazil, India, China, Russia, Indonesia, and Pakistan using non-linear predictive regression analysis. Principal Component Analysis used generate index. Investor has a significant current market this influence continued in short run most sample countries. However, not much pronounced longer run. Therefore, decision-makers cannot ignore sentiments at least findings may be helpful for investors better understand trends under portfolio managers risk professionals can devise their strategies accordingly. JEL: G02, G15, G24, M41
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ژورنال
عنوان ژورنال: SAGE Open
سال: 2023
ISSN: ['2158-2440']
DOI: https://doi.org/10.1177/21582440231193568