This paper sheds new light on the mutual relationship between investor sentiment and excess returns corresponding to the bubble component of stock prices. We propose to use the wavelet concept of the phase angle to determine the lead-lag relation between these variables. The wavelet phase angle...

The paper aims at assessing whether responsible banking behavior is a precursor and catalyst of banking profitability. Consequently, the paper will investigate the exogenous determinants of the EU sustainable banks’ profitability during the period 2006-2013. For the purpose of this study it...

This paper sheds new light on the mutual relationship between investor sentiment and excess returns corresponding to the bubble component of stock prices. We propose to use the wavelet concept of the phase angle to determine the lead-lag relation between these variables. The wavelet phase angle...