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Investor Sentiment Proxies: An Example of Closed end Fund Discount and Consumer Confidence Index

Author

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  • Serkan Yilmaz KANDIR
  • Gozde CERCI
  • Onder UZKARALAR

Abstract

Aim of this study is to investigate the relationship between two investor sentiment proxies, namely closed end fund discount and consumer confidence index. Monthly closed end fund discount and consumer confidence index data have been derived for the time period between 2005 and 2012. The relationship between variables, has been analyzed by correlation analysis and Engle-Granger cointegration test. Findings suggest that there is a long run relationship between closed end fund discount and consumer confidence index.

Suggested Citation

  • Serkan Yilmaz KANDIR & Gozde CERCI & Onder UZKARALAR, 2013. "Investor Sentiment Proxies: An Example of Closed end Fund Discount and Consumer Confidence Index," Journal of BRSA Banking and Financial Markets, Banking Regulation and Supervision Agency, vol. 7(2), pages 55-75.
    • Handle: RePEc:bdd:journl:v:7:y:2013:i:2:p:55-75
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    More about this item

    Keywords

    Investor Sentiment; Closed End Fund Discount; Consumer Confidence Index; Cointegration Test; Correlation Analysis;
    All these keywords.

    JEL classification:

    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles

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