YATIRIMCI DUYARLILIĞI TEMSİLCİLERİ VE SERMAYE GETİRİLERİNİN TAHMİNİ

Emrah KELEŞ; M. Emin ARAT

Makale detayları

YATIRIMCI DUYARLILIĞI TEMSİLCİLERİ VE SERMAYE GETİRİLERİNİN TAHMİNİ

Yazarlar:

Emrah KELEŞ | M. Emin ARAT

Yayıncı:

Marmara University

Dergi:

Oneri 2016 Vol.12 Issue 45, pp.307-326

Belge Tipi:

Makale

Yayın Tarihi:

2/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000565341

Sıklık:

İki Yıllık

eISSN:

2147-5377

pISSN:

1300-0845

Özet:

 

Investor sentiment is one of the base on which behavioral models ground. Contrary to classical theories, these models offers empricial findings that irrational investors lead to over- or under-reactions, hence prices do not come back to fundamental levels. Investor sentiment is known as the unexplained beliefs of investors/traders in the market by facts in hand. Effects of sentiment is attractive therefore. Return predictability tests are convenient to measure these effects. In this study, we document a number of sentiment measures and argue the success of the representative indicators in terms of representing sentiment. This study that offers deep literature survey about sentiment proxies, reports closed-end fund discounts, Baker ve Wurgler composite sentiment index and surveys about consumer confidence/senti- ment in detail, and argue their predictive powers in return predictability. We aim to guide researchers in choice of investor sentiment proxies.

Makale detayları

YATIRIMCI DUYARLILIĞI TEMSİLCİLERİ VE SERMAYE GETİRİLERİNİN TAHMİNİ

Yazarlar: Emrah KELEŞ | M. Emin ARAT

Yayıncı: Marmara University

Dergi: Oneri 2016 Vol.12 Issue 45, pp.307-326

Belge Tipi: Makale

Yayın Tarihi: 2/2016

Belge Dili: Türkçe

Document ID (Org No.): 2000565341

Sıklık: İki Yıllık

eISSN: 2147-5377

pISSN: 1300-0845

Sayı

Yazarlar:

Emrah KELEŞ | M. Emin ARAT

Yayıncı:

Marmara University

Dergi:

Oneri 2016 Vol.12 Issue 45, pp.307-326

Belge Tipi:

Makale

Yayın Tarihi:

2/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000565341

Sıklık:

İki Yıllık

eISSN:

2147-5377

pISSN:

1300-0845