The Role of Consumer Confidence as a Leading Indicator on Stock Returns: A Markov Switching Approach
Investor’s psychological and emotional factors lead to irrationality in financial decision making and anomalies in prices. Investor sentiment and psychology help to elucidate phenomena in financial markets that cannot be explained by traditional theory. The aim of this study is two-fold: it investig...
Main Authors: | , |
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Format: | Article |
Language: | English |
Published: |
Dunarea de Jos University of Galati
2017-04-01
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Series: | Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics |
Subjects: | |
Online Access: | http://www.eia.feaa.ugal.ro/images/eia/2017_1/AybenMurat.pdf |