Does Investor Sentiment affect Cross-Sectional Stock Returns on the Chinese A-Share Markets?
Modern finance theory suggests investor sentiment should not be priced as the mispricing induced by sentiment can be removed by trades of rational investors and arbitraging. However, research in recent decades illustrates that if investor sentiment induces uninformed demand shock, and the cost of ar...
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| Format: | Others |
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Auckland University of Technology,
2011-04-04T02:49:26Z.
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| Online Access: | Get fulltext |