Driving the Presence of Investor Sentiment: The Role of Media Bias in IPOs

2015 ◽  
Author(s):  
Zhe Shen ◽  
Jiaxing You ◽  
Michael Firth
Keyword(s):  
Investor Sentiment ◽  
Media Bias

scholarly journals Changes in perceptions of media bias

2021 ◽  
Vol 8 (1) ◽  
pp. 205316802098744
Author(s):  
Kirby Goidel ◽  
Nicholas T. Davis ◽  
Spencer Goidel
Keyword(s):  
Attitude Change ◽  
Media Bias ◽  
Congressional Election ◽  
Election Study ◽  
Donald Trump ◽  
Change Perceptions ◽  
Individual Perceptions ◽  
2016 Election ◽  
The Media

In this paper, we utilize a module from the Cooperative Congressional Election Study to explore how individual perceptions of media bias changed over the course of the 2016 presidential campaign. While previous literature has documented the role of partisan affiliation in perceptions of bias, we know considerably less about how these perceptions change during a presidential election. Consistent with existing theories of attitude change, perceptions of bias polarize with strong Democrats moving toward believing the media were biased against Hillary Clinton (and in favor of Donald Trump) and independent-leaning Republicans moving toward believing the media were biased against Donald Trump. At the end of the 2016 election, more individuals believed the media were biased against their side. These effects were moderated by how much attention individuals paid to the campaign.

scholarly journals ARE ISLAMIC STOCKS LESS EXPOSED TO SENTIMENT-BASED MISPRICING THAN NON-ISLAMIC ONES? EVIDENCE FROM THE INDONESIAN STOCK EXCHANGE

2021 ◽  
Vol 7 (1) ◽  
Author(s):  
Rizqi Umar Al Hashfi ◽  
Ahmad Maulin Naufa ◽  
U’um Munawaroh
Keyword(s):  
Capital Market ◽  
Stock Exchange ◽  
Investor Sentiment ◽  
Principal Component ◽  
Equation Model ◽  
Cross Sectional ◽  
Stock Mispricing ◽  
Time Invariant ◽  
Islamic Values

The aim of this research is to verify the role of Islamic value in stock mispricing in the Indonesian capital market. Empirically, high investor sentiment can lead to mispricing on equity appraisal. When investors feel excessively optimistic about their valuation, equity will be overpriced, or vice versa. The presence of Islamic values, such as the prohibition of interest, speculative and uncertain transactions, and excessive leverage, arguably reduce sentiment-based mispricing. Daily and cross-sectional market data were employed. In addition, principal component analysis was conducted to construct a firm-specific investor sentiment variable. With regard to the method, the Hausman-Taylor (H-T) approach was used to deal with heterogeneity, endogeneity, and the time-invariant variable in Fama-MacBeth regression. The results show that our baseline analysis confirms the mispricing of overall stocks. However, Islamic stocks are less exposed to sentiment-based mispricing than their non-Islamic counterparts. The results are consistent with our robustness test, in which we estimate the equation model across industry and portfolio. Finally, our findings imply various insights for both investors and policymakers.

Googling Investor Sentiment around the World

2019 ◽  
Vol 55 (2) ◽  
pp. 549-580 ◽  
Author(s):  
Zhenyu Gao ◽  
Haohan Ren ◽  
Bohui Zhang
Keyword(s):  
Stock Prices ◽  
Stock Markets ◽  
Investor Sentiment ◽  
Search Behavior ◽  
Market Returns ◽  
Country Level ◽  
The World ◽  
Google Search

We study how investor sentiment affects stock prices around the world. Relying on households’ Google search behavior, we construct a weekly measure of sentiment for 38 countries during 2004–2014. We validate the sentiment index in tests using sports outcomes and show that the sentiment measure is a contrarian predictor of country-level market returns. Furthermore, we document an important role of global sentiment in stock markets.

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