The Validity of Investor Sentiment Proxies
dc.contributor.author | Chan, Felix | |
dc.contributor.author | Durand, Robert | |
dc.contributor.author | Khuu, Joyce | |
dc.contributor.author | Smales, Lee | |
dc.date.accessioned | 2019-09-18T08:33:10Z | |
dc.date.available | 2019-09-18T08:33:10Z | |
dc.date.issued | 2017 | |
dc.identifier.citation | Chan, F. and Durand, R.B. and Khuu, J. and Smales, L.A. 2017. The Validity of Investor Sentiment Proxies. International Review of Finance. 17 (3): pp. 473-477. | |
dc.identifier.uri | http://hdl.handle.net/20.500.11937/76322 | |
dc.identifier.doi | 10.1111/irfi.12102 | |
dc.description.abstract |
© 2016 International Review of Finance Ltd. Behavioral finance research relies on proxies for unobservable phenomena. Different proxies for the same underlying phenomena should be correlated (formal proof of this proposition is presented in this letter). This letter examines proxies for an unobservable variable, sentiment. We utilize a well-known methodology to construct text-based sentiment proxies and compare these with metrics from Baker and Wurgler. We find that they are not correlated. At least one, but perhaps all, of these are not valid proxies of sentiment. | |
dc.language | English | |
dc.publisher | WILEY | |
dc.subject | Social Sciences | |
dc.subject | Business, Finance | |
dc.subject | Business & Economics | |
dc.subject | STOCK RETURNS | |
dc.subject | MARKET | |
dc.subject | NEWS | |
dc.title | The Validity of Investor Sentiment Proxies | |
dc.type | Journal Article | |
dcterms.source.volume | 17 | |
dcterms.source.number | 3 | |
dcterms.source.startPage | 473 | |
dcterms.source.endPage | 477 | |
dcterms.source.issn | 1369-412X | |
dcterms.source.title | International Review of Finance | |
dc.date.updated | 2019-09-18T08:33:10Z | |
curtin.department | School of Economics, Finance and Property | |
curtin.accessStatus | Fulltext not available | |
curtin.faculty | Faculty of Business and Law | |
curtin.contributor.orcid | Durand, Robert [0000-0002-4796-5024] | |
curtin.contributor.orcid | Khuu, Joyce [0000-0002-0964-6305] | |
curtin.contributor.orcid | Chan, Felix [0000-0003-3045-7178] | |
dcterms.source.eissn | 1468-2443 | |
curtin.contributor.scopusauthorid | Durand, Robert [7102891868] | |
curtin.contributor.scopusauthorid | Smales, Lee [54685130500] | |
curtin.contributor.scopusauthorid | Khuu, Joyce [57191709122] | |
curtin.contributor.scopusauthorid | Chan, Felix [7202586446] |
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