Research output per year
Research output per year
Shumi Akhtar, Robert Faff, Barry Oliver*, Avanidhar Subrahmanyam
Research output: Contribution to journal › Article › Research › peer-review
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 |
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Pages (from-to) | 3289-3301 |
Number of pages | 13 |
Journal | Journal of Banking and Finance |
Volume | 36 |
Issue number | 12 |
DOIs | |
Publication status | Published - Dec 2012 |
Externally published | Yes |
Research output: Contribution to journal › Article › Research › peer-review