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The Impact of Investor Sentiment on the German Stock Market

Finter, Philipp - 2010

This paper investigates whether investor sentiment can explain stock returns on the German stock market. Based on a principal component analysis, we construct a sentiment indicator that condenses information of several well-known sentiment proxies. We show that this indicator explains the return...

Persistent link: https://www.econbiz.de/10013139805

The impact of investor sentiment on the German stock market

Finter, Philipp; Niessen-Ruenzi, Alexandra; Ruenzi, Stefan - 2010

Persistent link: https://www.econbiz.de/10008666530

The impact of investor sentiment on the German stock market

Finter, Philipp; Niessen-Ruenzi, Alexandra; Ruenzi, Stefan - 2011 - First Version: December 2008, This Version: October 2011

This paper develops a broad-based sentiment indicator for Germany and investigates whether investor sentiment can explain stock returns on the German stock market. Based on a principal component analysis, we construct a sentiment indicator that condenses information of several well-known...

Persistent link: https://www.econbiz.de/10009705481

The Impact of Financial Times Deutschland News on Stock Prices – Post Announcement Drifts and Inattention of Investors

Kerl, Alexander Gabriel - 2014

Within this paper, we analyze the impact of Financial Times Deutschland (FTD) news on stock prices and trading volumes. Based on a sample of all news on German DAX, MDAX and SDAX companies published within the news section of the FTD between 2006 and 2010, our results show that articles that...

Persistent link: https://www.econbiz.de/10013064807

Acquisition and aggregation of costly information : experimental evidence

Kraemer, Carlo - 2003

Persistent link: https://www.econbiz.de/10001709673

The use of the recognition heuristic as an investment strategy in European stock markets

Lobão, Júlio; Pacheco, Luís; Pereira, Carlos - In: Journal of economics, finance & administrative science 22 (2017) 43, pp. 207-223

Purpose: People often face constraints such as a lack of time or information in taking decisions, which leads them to use heuristics. In these situations, fast and frugal rules may be useful for making adaptive decisions with fewer resources, even if it leads to suboptimal choices. When applied...

Persistent link: https://www.econbiz.de/10011875260

Can Return Forecasts Enhance International Asset Allocation? Evidence from the Sum-of-Parts Approach

Chondrogiannis, Ilias; Vivian, Andrew; Wohar, Mark E. - 2022

We examine whether real-time return forecasts are valuable to an investor looking to allocate their portfolio across a wide selection of countries. We expand the Sum-of-Parts (SoP) method for forecasting stock returns to an international setup by adding FX returns as an additional component. We...

Persistent link: https://www.econbiz.de/10013403620

The Term Structure of Redenomination Risk

Bayer, Christian - 2018

This paper assesses redenomination risk in the euro area. We first estimate daily default-risk-free yield curves for … redenomination risk from the yield spreads between these two types of bonds. Redenomination risk primarily shows up at the short end … -2% for Germany. The ECB's interventions designed to reduce the risk of a breakup successfully did so for Italy, but …

Persistent link: https://www.econbiz.de/10012916944

Implied rates of return, the discount rate effect, and market risk premia

Breuer, Wolfgang; Gürtler, Marc - 2010 - This Version: 2010-10-22

risk premia. The extent of this bias is substantial as verified by a bootstrap approach. We present an alternative …

Persistent link: https://www.econbiz.de/10009487229

Market response to investor sentiment

Hengelbrock, Jördis; Theissen, Erik; Westheide, Christian - 2010 - This version: December 16, 2010

Recent empirical research suggests that measures of investor sentiment have predictive power for future stock returns over the intermediate and long term. Given the widespread publication of sentiment indicators, smart investors should trade on the information conveyed by such indicators and...

Persistent link: https://www.econbiz.de/10008902937