Economics at your fingertips  

If global or local investor sentiments are prone to developing an impact on stock returns, is there an industry effect?

Jing Shi, Marcel Ausloos and Tingting Zhu

International Journal of Finance & Economics, 2022, vol. 27, issue 1, 1309-1320

Abstract: This article investigates the heterogeneous impacts of either global or local investor sentiments (IS) on stock returns (SR). We study 10 industry sectors through the lens of six (so‐called) emerging countries: China, Brazil, India, Mexico, Indonesia, and Turkey, over the 2000 to 2014 period. Using a panel data framework, our study sheds light on a significant effect of local IS on expected returns for basic materials, consumer goods, industrial, and financial industries. Moreover, our results suggest that from global IS alone, one cannot predict expected SR in these markets.

Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)

Related works:
Working Paper: If Global or Local Investor Sentiments are Prone to Developing an Impact on Stock Returns, is there an Industry Effect? (2020) Downloads
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:

Ordering information: This journal article can be ordered from
http://jws-edcv.wile ... PRINT_ISSN=1076-9307

Access Statistics for this article

International Journal of Finance & Economics is currently edited by Mark P. Taylor, Keith Cuthbertson and Michael P. Dooley

More articles in International Journal of Finance & Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().

Page updated 2024-05-07
Handle: RePEc:wly:ijfiec:v:27:y:2022:i:1:p:1309-1320