Institutional investor sentiment, beta, and stock returns
Yes === This paper examines the role of institutional investor sentiment in determination of the beta-return relation. Empirical evidence documents a positive (negative) beta-return relation over bearish (bullish) periods, implying that institutional investors can also be sentiment traders.
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| Language: | en |
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2020
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| Online Access: | http://hdl.handle.net/10454/17748 |