We propose a dynamic measure of stock market sentiment, extending heavily the widely adopted Baker and Wurgler (2006) market sentiment index construct on the novel basis that (1) the aggregate market sentiment must cover as many views from different investors or investment activities as possible;...

We propose a dynamic measure of stock market sentiment, extending heavily the widely adopted Baker and Wurgler (2006) market sentiment index construct on the novel basis that (1) the aggregate market sentiment must cover as many views from different investors or investment activities as possible;...

Equity markets are increasingly being seen as having a important role within the financial architecture focused towards the financing of Small and Medium Enterprises (SME) firms that dominate regional economies. The high costs involved with lending small amounts to smaller firms in the presence...

This paper examines how the public announcement of foreign share acquisitions in listed companies affects the share prices of those companies. The dataset contains 422 public announcements of foreign share acquisitions in Korean listed companies over the period from March 2005 to June 2009. The...