Abstract
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.
| Original language | English |
|---|---|
| Pages (from-to) | 4488-4500 |
| Number of pages | 13 |
| Journal | Journal of Banking and Finance |
| Volume | 37 |
| Issue number | 11 |
| DOIs | |
| Publication status | Published - Nov 2013 |
| Externally published | Yes |
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Dive into the research topics of 'Reprint of: Stock salience and the asymmetric market effect of consumer sentiment news'. Together they form a unique fingerprint.Related Research Outputs
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Stock salience and the asymmetric market effect of consumer sentiment news
Akhtar, S., Faff, R., Oliver, B. & Subrahmanyam, A., Dec 2012, In: Journal of Banking and Finance. 36, 12, p. 3289-3301 13 p.Research output: Contribution to journal › Article › Research › peer-review
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