Does sentiment determine investor trading behaviour?
Sentiment is a determinant of investors' trading decisions and behaviours. After a sentiment shock, investors' net positions change differently across investor types. In response to a sentiment change, individual (institutional) investors follow a positive (negative) feedback strategy, ref...
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Veröffentlicht in: | Applied economics letters 2021-06, Vol.28 (10), p.811-816 |
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Hauptverfasser: | , |
Format: | Artikel |
Sprache: | eng |
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Online-Zugang: | Volltext |
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Zusammenfassung: | Sentiment is a determinant of investors' trading decisions and behaviours. After a sentiment shock, investors' net positions change differently across investor types. In response to a sentiment change, individual (institutional) investors follow a positive (negative) feedback strategy, reflecting their different trading and investment purposes. |
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ISSN: | 1350-4851 1466-4291 |
DOI: | 10.1080/13504851.2020.1782331 |