Investor sentiment and stock returns: Some international evidence

By Maik Schmeling. 2009

828 citations recorded by the source corpus.

Subfields: Demography, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/5cc7dd5f9192eb38acfa756c2d0e208d7cf72aa9

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Demography

In Economics and Econometrics

In Finance

Citations in the corpus

Investor sentiment effect in stock markets: Stock characteristics or country-specific factors? (2013, methodology): “Schmeling, M., (2009). Investor sentiment and stock returns: some international evidence, Journal of Empirical Finance, 16, 394-408. Schmitz, P., Glaser, M., & Weber, M., (2009). Individual investor sentiment and stock returns-What do we learn from warrant traders?, Available at SSRN: http://ssrn.”
An examination of investor sentiment effect on G7 stock market returns (2013, positive): “For instance, Schmeling (2009) examined the effect of consumer confidence index on stock returns of 18 industrialized countries and found a negative relationship between consumer confidence index and future stock returns.”
How Does Investor Sentiment Affect Stock Market Crises? Evidence from Panel Data (2011, positive): “Moreover, Schmeling (2009) examined whether consumer confidence affects expected stock returns in 18 industrialized countries.”
Textual analysis in finance (2019, background): “Some authors support our hypothesis showing that investor sentiment plays an important role in pricing stocks (Lee, Jiang, and Indro, 2002; Schmeling, 2009; Stambaugh, Yu, and Yuan, 2012).”
The effects of national culture and behavioral pitfalls on investors' decision-making: Herding behavior in international stock markets ☆ (2015, background): “Menkhoff, Schmeling, and Schmidt (2010) suggest that significant differences exist among the OC levels of institutional investors, investment advisers, and retail investors, and have found significant negative correlations between investor characteristics (experience and age)”
Can investor sentiment be a momentum time-series predictor? Evidence from China (2017, background): “At the other extreme, the return predictability of sentiment from one to five year horizons is also heavily investigated by empiricists (Brown & Cliff 2005; Schmeling 2009).”
Does investor sentiment really matter (2016, background): “Other authors find that sentiment contains useful economic information which can impact stock returns (Antoniou et al., 2013; Baker and Wurgler, 2006; Frazzini and Lamont, 2008; Schmeling, 2009; Stambaugh et al., 2012).”
Investor sentiment and its nonlinear effect on stock returns—New evidence from the Chinese stock market based on panel quantile regression model (2015, background): “Some scholars also apply regression models to study how investor sentiment impacts stock price byusing aggregate or industrial-level data in some countries, such as Schmeling (2009), McMillan (2003), Ding et al. (2004), Zhang and Semmler (2009), Lee and Chiu (2012) and Chen (2013), etc.”
Divergence of Sentiment and Stock Market Trading (2017, neutral): “Sentiment levels have previously been established by household survey data (Brown and Cliff, 2004; Lemmon and Portniaguina, 2006; Qiu and Welch, 2006; Schmeling, 2009; Kaplanski et al., 2015), economic”
The importance of fear: investor sentiment and stock market returns (2017, neutral): “This is also consistent with Schmeling (2009) reporting two-way causality between stock returns and consumer confidence.”