Stock Market Indices and Sentiment Indicators: Correlations and Causality

This paper focuses on the possible causal relationships between the stock market indices and a set of sentiment indicators in seven European Union countries. The results are not univocal. In some countries, the local stock index seems to behave as a leading indicator with reference to most sentiment indicators, while in others the causal nexus seems to be reversed.

MoreLess

Year of publication:	2013
Authors:	Jordanov, Jordan ; Valentini, Marco
Published in:	Economic Studies journal. - Economic Research Institute, ISSN 0205-3292. - 2013, 3, p. 3-24
Publisher:	Economic Research Institute

More details

Type of publication:	Article
Classification:	E44 - Financial Markets and the Macroeconomy ; G12 - Asset Pricing ; G14 - Information and Market Efficiency; Event Studies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010705894