Supervisors info:
Δημήτριος Καινούργιος, Επίκουρος Καθηγητής, Τμήμα Οικονομικών Επιστημών, Εθνικό και Καποδιστριακό Πανεπιστήμιο Αθηνών
Summary:
This paper analyzes the impact of investor sentiment on stock markets of Germany, France, Greece, Spain,Italy and Great Britain. Using (CCI), we end up with particularly useful conclusions about the effect of their emotion investors in stock returns. Findings show that feeling of investors has an effect on stock returns, with the intensity to varies by market. Also, the effect seems to arise from the
characteristics of the stocks.
Additionally, Google Trends used in order to analyze the relationship of sentiment with stock returns. The results, using Google Trends, show the impact of sentiment on stock returns but on to a lesser extent than those based on results by CCI.