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
Hauptverfasser: Kim, Karam, Ryu, Doojin
Format: Artikel
Sprache:eng
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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.
ISSN:1350-4851
1466-4291
DOI:10.1080/13504851.2020.1782331