Investor sentiment and the mean-variance relationship: European evidence
This paper investigates the impact of investor sentiment on the mean-variance relationship in 14 European stock markets. Applying three approaches to define investors’ neutrality and determine high and low sentiment periods, we find that individual investors’ increased presence and trading over high...
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| Format: | Article |
| Language: | English |
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Elsevier Ltd
2018
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| Online Access: | View Fulltext in Publisher |