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Investor sentiment and emerging stock market liquidity

Byomakesh Debata, Saumya Ranjan Dash and Jitendra Mahakud

Finance Research Letters, 2018, vol. 26, issue C, 15-31

Abstract: This study examines the impact of local and foreign investor sentiment on emerging stock market liquidity. We find a positive (negative) effect of investor sentiment on liquidity (illiquidity). Results also reveal that foreign investor sentiment significantly influences emerging stock market liquidity.

Keywords: Investor sentiment; Emerging stock market; Liquidity; Behavioral Finance (search for similar items in EconPapers)
JEL-codes: G11 G12 G14 G17 G23 (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:eee:finlet:v:26:y:2018:i:c:p:15-31