Sentiment Impact on Stock Market Returns in Eurozone Countries
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2024-03-06 13:46
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336.76:061.1EU(4) (1)
Monedă. Sistem monetar. Bănci. Bursa de mărfuri (777)
Organizații guvernamentale și tipuri de cooperare (407)
SM ISO690:2012
RUSU, Iurie, ROŞCOVAN, Mihai, HÂRBU, Eduard, DRIGA, Olga. Sentiment Impact on Stock Market Returns in Eurozone Countries. In: Application of information and communication technology and statistics in economy and education, Ed. Ediția 8-a, 18-20 octombrie 2018, Sofia. Sofia: 2018, Ediția 8-a, pp. 87-96. ISSN 2367-7643.
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Dublin Core
Application of information and communication technology and statistics in economy and education
Ediția 8-a, 2018
Conferința "Application of information and communication technology and statistics in economy and education"
Ediția 8-a, Sofia, Bulgaria, 18-20 octombrie 2018

Sentiment Impact on Stock Market Returns in Eurozone Countries

CZU: 336.76:061.1EU(4)

Pag. 87-96

Rusu Iurie1, Roşcovan Mihai2, Hârbu Eduard3, Driga Olga4
 
1 Babeș-Bolyai University,
2 Business Consulting Institute (BCI),
3 Academy of Economic Studies of Moldova,
4 Academy of Public Administration, Republic of Moldova
 
 
Disponibil în IBN: 5 martie 2024


Rezumat

This paper studies the impact of Economic Sentiment Indicator (ESI) in the financial markets across 19 countries, members of the Eurozone. This paper contributes to the specialized literature by studying the impact of a survey-based sentiment indicator on the performance of financial markets. Using monthly data across 10 years, the empirical results highlighted the impact of the chosen sentiment indicator across the Eurozone. The analysis shows that the Economic Sentiment Indicator (ESI) has a significant effect on the returns of stocks in the Eurozone, based on an ARDL model.

Cuvinte-cheie
determinants, Economic Sentiment Indicator, Eurozone stock markets, Investor Sentiment