文章基本信息

标题：Investors’ sentiment and stocks performance
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作者：Pece, Andreea Maria ; Filip, Angela Maria ; Pochea, Maria Miruna 等
期刊名称：Theoretical and Applied Economics
印刷版ISSN：1841-8678
电子版ISSN：1844-0029
出版年度：2016
卷号：XXIII
期号：Special(I)
页码：63-69
出版社：Asociatia Generala a Economistilor din Romania - AGER
摘要：The aim of this paper is to investigate the effects of investors’ sentiment and of the global financial crisis (GFC) on the stock markets performance. The sample includes 336 companies from five countries within Central and Eastern Europe (CEE): Bulgaria, the Czech Republic, Hungary, Poland, and Romania. The analysis covers the period 2006-2013, surprising the global financial crisis. The results show that investors’ optimism in what concerns the economic environment increases their appetite to invest in young emerging markets with a positive effect on the evolution of the overall stock market. In contrast, if investors are pessimistic, the markets are expected to decline. The empirical findings reveal also the negative impact of the GFC on the stock performance of CEE companies.
关键词：investors’ sentiment; stocks markets performance; global financial crisis; economic growth; financial performance.