• Abbreviations
  • List of Figures
  • List of Tables
  • 1 Introduction
  • 1.1. Motivation
  • 1.2. Research Outline
  • 1.3. Overview and Structure
  • 1.4. Related Publications
  • 2 Related Theoretical and Empirical Work
  • 2.1. Introduction to Behavioral Finance
  • 2.2. Theoretical Work
  • 2.3. Empirical Work
  • 2.4. Discussion
  • 2.5. Conclusion
  • 3 Investor Sentiment Construction
  • 3.1. Classification of Sentiment Measures
  • 3.2. Sentiment Measures in Research
  • 3.3. Sentiment Measures in Practice
  • 3.4. Evaluation of Sentiment Measures
  • 3.5. Conclusion
  • 4 Construction of the Euwax Sentiment Index
  • 4.1. Introduction
  • 4.2. Data Set
  • 4.3. Basic Index Calculation
  • 4.4. Sentiment Analysis
  • 4.5. Comparison with other Sentiment Measures
  • 4.6. Conclusion
  • 5 Retail Investor Herding
  • 5.1. Introduction
  • 5.2. Related Work
  • 5.3. Evidence of Market-wide Herding
  • 5.4. Market-wide herding on a broker level
  • 5.5. Stock-Level Herding
  • 5.6. Conclusion
  • 6 The Predictive Power of Retail Investor Sentiment
  • 6.1. Related Work
  • 6.2. Data and Methodology
  • 6.3. Results
  • 6.4. Robustness Checks
  • 6.5. Conclusion
  • 7 Conclusion and Future Work
  • 7.1. Conclusion
  • 7.2. Summary of Contributions
  • 7.3. Future Work
  • Appendices