Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 변진호 | - |
dc.contributor.author | 최문섭 | - |
dc.contributor.author | 최형석 | - |
dc.date.accessioned | 2016-08-29T12:08:41Z | - |
dc.date.available | 2016-08-29T12:08:41Z | - |
dc.date.issued | 2015 | - |
dc.identifier.issn | 1810-4967 | - |
dc.identifier.other | OAK-16010 | - |
dc.identifier.uri | https://dspace.ewha.ac.kr/handle/2015.oak/230894 | - |
dc.description.abstract | In this paper, the authors relate the investment performances of value and growth stocks to investor sentiment. The authors' research objectives are twofold: first, the authors verify positive long-run abnormal returns of value investing under pessimistic investor sentiment. Second, the authors experiment a horse race between the fundamental and behavioral views of growth stock returns. Using a thirteen-year sample of Korea Exchange (KRX)-listed firms, the authors find a positive relation between the value premium and stock market sentiment: while growth investing can be relatively dominant in a pessimistic cycle under depressed investor sentiment, value strategy can outperform in an optimistic period. As a result, the authors confirm the usefulness of style investing adapted to investor psychology. © Jinho Byun, Hyung-Suk Choi, Paul Moon Sub Choi, 2015. | - |
dc.language | English | - |
dc.publisher | LLC CPC Business Perspectives | - |
dc.subject | Anomalies | - |
dc.subject | Behavioral finance | - |
dc.subject | Growth investment | - |
dc.subject | Investor sentiment | - |
dc.subject | Long-run performance | - |
dc.subject | Value investment | - |
dc.title | Sentiment, growth and value investments: Evidence from Korean Stock Listings | - |
dc.type | Review | - |
dc.relation.issue | 3 | - |
dc.relation.volume | 12 | - |
dc.relation.index | SCOPUS | - |
dc.relation.startpage | 142 | - |
dc.relation.lastpage | 148 | - |
dc.relation.journaltitle | Investment Management and Financial Innovations | - |
dc.identifier.scopusid | 2-s2.0-84947909218 | - |
dc.author.google | Byun J. | - |
dc.author.google | Choi H.-S. | - |
dc.author.google | Choi P.M.S. | - |
dc.contributor.scopusid | 변진호(7102897452) | - |
dc.contributor.scopusid | 최문섭(56258903600) | - |
dc.contributor.scopusid | 최형석(26325334900;56480689000) | - |
dc.date.modifydate | 20230328112223 | - |