Capital markets literature has challenged the efficient market hypothesis, and one of the
factors that explain unpredictable changes in stock prices is investor sentiment. In this study …

This paper specifically investigates the effects of US government emergency actions on the
investor sentiment–financial institution stock returns relationship. Despite attempts by many …

The global outbreak of COVID-19 in 2020 became unprecedented and sent shockwaves
through financial markets worldwide. This study investigates the impact of the pandemic on …

Purpose In the context of investment decisions, the intricate interplay between exogenous
shocks and their influence on investor confidence significantly shapes their behaviors and …

In theory, changes in the price of oil, which is a critical raw material for production, can affect
the Producer Price Index (PPI). In this study, the PCA method is first employed to extract …

The financial market dynamics are influenced by investor fear. Investors make irrational
decisions out of fear of losing in the stock market, causing volatility and price swings that are …

The present study is aimed to examine the effect of different levels of investor sentiment on
current and future equity returns at different time horizons in the presence of market volatility …

Classical theories are based on the assumption that investors act completely rationally when
making decisions, aligning with the theory of the rational economic person. The aim of this …