Investor sentiment and emerging stock market liquidity

被引：45
作者：
Debata, Byomakesh [1 ]
Dash, Saumya Ranjan [2 ]
Mahakud, Jitendra [3 ]
机构：
[1] Indian Inst Technol Kharagpur IIT Kharagpur, Dept Humanities & Social Sci, Kharagpur 721302, W Bengal, India
[2] Indian Inst Management Indore IIM Indore, Finance & Accounting, Rau Pithamptir Rd, Indore 453556, Madhya Pradesh, India
[3] Indian Inst Technol Kharagpur IIT Kharagpur, Dept Humanities & Social Sci, Econ & Finance, Kharagpur 721302, W Bengal, India
来源：
FINANCE RESEARCH LETTERS | 2018年 / 26卷
关键词：
Investor sentiment; Emerging stock market; Liquidity; Behavioral Finance; CROSS-SECTION; RETURNS; SPECIFICATION; ECONOMETRICS; COMMONALITY; FINANCE; PRICES; WORLD;
D O I：
10.1016/j.frl.2017.11.006
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
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.
引用
收藏
页码：15 / 31
页数：17
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