Beyond Market Mood: Stock Sentiment and the Response to Corporate Earnings Announcements

Karampatsas, Nikolaos; Malekpour, S; Mason, Andrew

doi:10.2139/ssrn.2926368

Search citation statements

Order By: Relevance

Paper Sections

Select...

Discussion1

Introduction1

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2017

2020

Publication Types

Select...

Article3

Relationship

Self Cite0

Independent3

Authors

Journals

Cited by 3 publications

(2 citation statements)

References 87 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…media and the Internet, a handful of innovative proxies are proposed in more recent research (Da et al, 2011(Da et al, , 2015Karampatsas et al, 2017). Tetlock (2007), for instance, compiles an index for media pessimism as the investor sentiment proxy by collecting the content from the Wall Street Journal column.…”

Section: Discussionmentioning

confidence: 99%

Investor sentiment and the mean-variance relationship: European evidence

Wang

2018

Research in International Business and Finance

View full text Add to dashboard Cite

Section: Discussionmentioning

confidence: 99%

Investor sentiment and the mean-variance relationship: European evidence

Wang

2018

Research in International Business and Finance

View full text Add to dashboard Cite

“…Recent research extended the accounting literature to include a behavioural finance framework by considering the interaction of investor sentiment and accounting information (Hribar & McInnis, 2012; Karampatsas, Malekpour, & Mason, 2017; Seybert & Yang, 2012). A key finding of these studies is that investor sentiment reflects errors in investors' expectations about future payoffs.…”

Section: Introductionmentioning

confidence: 99%

Relationship between investor sentiment and earnings news in high‐ and low‐sentiment periods

Tian

Ouyang

et al. 2020

Int. J Fin Econ

View full text Add to dashboard Cite

Using the Chinese equity market as the testing venue, this study explores how investor sentiment affects the immediate reaction of stock prices to earnings news in high‐ and low‐sentiment periods. Our key finding is that the sentiment‐driven pricing of earnings will differ between the two periods. Specifically, during high‐sentiment (low‐sentiment) periods, the stock price sensitivity to good (bad) earnings news increases (decreases) with investor sentiment, whereas the stock price sensitivity to bad (good) earnings news is unrelated to investor sentiment. Additionally, we find that the effect of sentiment is more pronounced for young, high volatility, growth and distressed stocks. However, contrary to the U.S. evidence, our results show that small stocks are not always more exposed to sentiment. Further analysis of the role of short‐sales constraints in the sensitivity of stock prices to bad earnings news implies that short sales can enhance informational efficiency.

show abstract

The Good the Bad the Trending: Microblogging Sentiment and Short Term Momentum

Hill-Kleespie

2017

SSRN Journal

View full text Add to dashboard Cite

Beyond Market Mood: Stock Sentiment and the Response to Corporate Earnings Announcements

Cited by 3 publications

References 87 publications

Investor sentiment and the mean-variance relationship: European evidence

Investor sentiment and the mean-variance relationship: European evidence

Relationship between investor sentiment and earnings news in high‐ and low‐sentiment periods

The Good the Bad the Trending: Microblogging Sentiment and Short Term Momentum

Contact Info

Product

Resources

About