000129590 001__ 129590
000129590 005__ 20240104102230.0
000129590 0247_ $$2doi$$a10.1111/j.1467-629X.2011.00412.x
000129590 0248_ $$2sideral$$a68237
000129590 037__ $$aART-2012-68237
000129590 041__ $$aeng
000129590 100__ $$0(orcid)0000-0001-5629-7526$$aBlasco, Natividad$$uUniversidad de Zaragoza
000129590 245__ $$aMarket sentiment: a key factor of investors’ imitative behaviour
000129590 260__ $$c2012
000129590 5060_ $$aAccess copy available to the general public$$fUnrestricted
000129590 5203_ $$aThe aim of this paper is to explore herding behaviour among investors to determine its rational and emotional component factors and identify relationships among them. We apply causality tests to evaluate the impact of return and market sentiment on herding intensity. The herding intensity is quantified using the measure developed by Patterson and Sharma (2006). The research was conducted during the period 1997–2003 in the Spanish stock market, where the presence of herding has been confirmed. The results reveal that the herding intensity depends on past returns and sentiment or subjective assessments and confirm the presence of both a rational and an emotional factor.
000129590 536__ $$9info:eu-repo/grantAgreement/ES/MEC/ECO2009-12819-C03-01
000129590 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/
000129590 590__ $$a0.875$$b2012
000129590 591__ $$aBUSINESS, FINANCE$$b42 / 88 = 0.477$$c2012$$dQ2$$eT2
000129590 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion
000129590 700__ $$aCorredor, Pilar
000129590 700__ $$0(orcid)0000-0001-8760-9350$$aFerreruela, Sandra$$uUniversidad de Zaragoza
000129590 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab.
000129590 773__ $$g52, 3 (2012), 663-689$$pEsc. acción$$tAccounting and Finance$$x0810-5391
000129590 8564_ $$s182807$$uhttps://zaguan.unizar.es/record/129590/files/texto_completo.pdf$$yPostprint
000129590 8564_ $$s1256375$$uhttps://zaguan.unizar.es/record/129590/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint
000129590 909CO $$ooai:zaguan.unizar.es:129590$$particulos$$pdriver
000129590 951__ $$a2024-01-04-09:03:04
000129590 980__ $$aARTICLE