Three Essays on Investor Sentiment and Stock Returns

Sentiment may influence investor behaviour in a quasi-rational manner and as a result, stock returns. I explore the relationship between investor sentiment and stock returns using a text-based measure of sentiment derived from Thomson Reuters News Analytics. Using a sample set of multiple countries,...

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Main Author: Khuu, Joyce
Format: Thesis
Published: Curtin University 2018
Online Access:http://hdl.handle.net/20.500.11937/68413
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author Khuu, Joyce
author_facet Khuu, Joyce
author_sort Khuu, Joyce
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description Sentiment may influence investor behaviour in a quasi-rational manner and as a result, stock returns. I explore the relationship between investor sentiment and stock returns using a text-based measure of sentiment derived from Thomson Reuters News Analytics. Using a sample set of multiple countries, I find a positive relationship between stock returns and sentiment. Size of a firm is a determining feature of stocks influenced by sentiment. Smaller stocks are most influenced by sentiment.
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spelling curtin-20.500.11937-684132018-07-19T05:50:56Z Three Essays on Investor Sentiment and Stock Returns Khuu, Joyce Sentiment may influence investor behaviour in a quasi-rational manner and as a result, stock returns. I explore the relationship between investor sentiment and stock returns using a text-based measure of sentiment derived from Thomson Reuters News Analytics. Using a sample set of multiple countries, I find a positive relationship between stock returns and sentiment. Size of a firm is a determining feature of stocks influenced by sentiment. Smaller stocks are most influenced by sentiment. 2018 Thesis http://hdl.handle.net/20.500.11937/68413 Curtin University fulltext
spellingShingle Khuu, Joyce
Three Essays on Investor Sentiment and Stock Returns
title Three Essays on Investor Sentiment and Stock Returns
title_full Three Essays on Investor Sentiment and Stock Returns
title_fullStr Three Essays on Investor Sentiment and Stock Returns
title_full_unstemmed Three Essays on Investor Sentiment and Stock Returns
title_short Three Essays on Investor Sentiment and Stock Returns
title_sort three essays on investor sentiment and stock returns
url http://hdl.handle.net/20.500.11937/68413