We document asymmetric announcement effects of consumer sentiment news on United States stock and stock futures markets. While a negative market effect occurs upon the release of bad sentiment news, there is no market reaction for the counterpart good news. This supports the ‘‘negativity effect’’ hypothesis. Notably, this effect seems most likely to occur in salient stocks, which is consistent with the availability heuristic
We investigate stock market rationality by examining the timeliness and unbiasedness of the market’s...
We present evidence on the asset pricing implications of salience theory. In our model, investors ov...
The efficiency of electronic markets is affected by the availability of information. While some info...
We document asymmetric announcement effects of consumer sentiment news on United States stock and st...
We document asymmetric announcement effects of consumer sentiment news on United States stock and st...
This paper examines the equity market reaction to the monthly release of Australian consumer sentime...
This paper examines the equity market reaction to the monthly release of Australian consumer sentime...
This article uses a direct test of the impact of economic news on stock volatility. The main interes...
This paper examines the hypothesis that both stock returns and volatility are asymmetrical functions...
Motivated by the ambiguity theory of Epstein and Schneider (2003, 2008), we hypothesize that investo...
This paper examines whether U.S. stock-market wealth asymmetrically affects consumption. After ident...
We reveal a novel channel through which market participants’ sentiment influences how they forecast ...
We examine whether the asymmetrical price response to bad and good earnings shocks changes as the re...
The efficiency of electronic markets is affected by the availability of information. While some info...
We examine the effect of consumer sentiment announcements on changes in 13 of the more common foreig...
We investigate stock market rationality by examining the timeliness and unbiasedness of the market’s...
We present evidence on the asset pricing implications of salience theory. In our model, investors ov...
The efficiency of electronic markets is affected by the availability of information. While some info...
We document asymmetric announcement effects of consumer sentiment news on United States stock and st...
We document asymmetric announcement effects of consumer sentiment news on United States stock and st...
This paper examines the equity market reaction to the monthly release of Australian consumer sentime...
This paper examines the equity market reaction to the monthly release of Australian consumer sentime...
This article uses a direct test of the impact of economic news on stock volatility. The main interes...
This paper examines the hypothesis that both stock returns and volatility are asymmetrical functions...
Motivated by the ambiguity theory of Epstein and Schneider (2003, 2008), we hypothesize that investo...
This paper examines whether U.S. stock-market wealth asymmetrically affects consumption. After ident...
We reveal a novel channel through which market participants’ sentiment influences how they forecast ...
We examine whether the asymmetrical price response to bad and good earnings shocks changes as the re...
The efficiency of electronic markets is affected by the availability of information. While some info...
We examine the effect of consumer sentiment announcements on changes in 13 of the more common foreig...
We investigate stock market rationality by examining the timeliness and unbiasedness of the market’s...
We present evidence on the asset pricing implications of salience theory. In our model, investors ov...
The efficiency of electronic markets is affected by the availability of information. While some info...