Does sentiment matter for stock market returns? Evidence from a small European market
Using Portuguese stock market returns, at the aggregate and industry levels, over the period 1997-2009, we find that the EU Economic Sentiment Indicator (ESI) and Consumer Confidence Index are driven by both rational and irrational factors. Irrational ESI is significantly negatively related to stock...
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| Outros Autores: | , |
| Formato: | article |
| Idioma: | eng |
| Publicado em: |
2018
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| Assuntos: | |
| Texto completo: | http://hdl.handle.net/10773/11476 |
| País: | Portugal |
| Oai: | oai:ria.ua.pt:10773/11476 |