Investor response to public news, sentiment and institutional trading in emerging markets: A review
Janusz Brzeszczynski (),
Jerzy Gajdka and
Ali Kutan ()
International Review of Economics & Finance, 2015, vol. 40, issue C, 338-352
This paper reviews the literature on investor reaction and sentiment with respect to public information arrival in emerging markets and discusses the implications of the findings for the validity of theoretical models emphasizing public information arrival as the main mover of asset prices. We cover three types of public information news: monetary policy announcements, the International Monetary Fund (IMF) related news and other public and political news. In addition, we review the literature on sentiment and institutional trading in emerging markets. We summarize general findings and suggest some directions for further research.
Keywords: Investor behavior and reaction; IMF-news; Central bank announcements; Public news; News arrival; Institutional trading (search for similar items in EconPapers)
JEL-codes: G12 G4 G15 E52 F31 G2 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:40:y:2015:i:c:p:338-352
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