Sentiment and returns: Analysis of investor sentiment in the South African market
Modern financial theory generally has no room for investor sentiment. The standard argument is that in highly competitive financial markets, suboptimal trading behaviour such as paying attention to sentiment signals unrelated to fundamental value will be eliminated quickly by aggressive arbitrage...
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| Format: | Others |
| Language: | en |
| Published: |
2014
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| Online Access: | http://hdl.handle.net/10539/15175 |