Investors’ sentiment and stocks performance

Andreea Maria Pece, Angela Maria Filip and Maria Miruna Pochea
Additional contact information
Andreea Maria Pece: Babeș-Bolyai University of Cluj-Napoca, Romania
Angela Maria Filip: Babeș-Bolyai University of Cluj-Napoca, Romania
Maria Miruna Pochea: Babeș-Bolyai University of Cluj-Napoca, Romania

Theoretical and Applied Economics, 2016, vol. XXIII, issue Special(I), 63-69

Abstract: The aim of this paper is to investigate the effects of investors’ sentiment and of the global financial crisis (GFC) on the stock markets performance. The sample includes 336 companies from five countries within Central and Eastern Europe (CEE): Bulgaria, the Czech Republic, Hungary, Poland, and Romania. The analysis covers the period 2006-2013, surprising the global financial crisis. The results show that investors’ optimism in what concerns the economic environment increases their appetite to invest in young emerging markets with a positive effect on the evolution of the overall stock market. In contrast, if investors are pessimistic, the markets are expected to decline. The empirical findings reveal also the negative impact of the GFC on the stock performance of CEE companies.

Keywords: investors’ sentiment; stocks markets performance; global financial crisis; economic growth; financial performance. (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://store.ectap.ro/suplimente/International_Fin ... ce_FIBA_2016_XIV.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxiii:y:2016:i:special(i):p:63-69

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().