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Investor response to public news, sentiment and institutional trading in emerging markets: A review

Listed author(s):
  • Brzeszczyński, Janusz
  • Gajdka, Jerzy
  • Kutan, Ali M.

This paper reviews the literature on investor reaction and sentiment with respect to public information arrival in emerging markets and discusses the implications of the findings for the validity of theoretical models emphasizing public information arrival as the main mover of asset prices. We cover three types of public information news: monetary policy announcements, the International Monetary Fund (IMF) related news and other public and political news. In addition, we review the literature on sentiment and institutional trading in emerging markets. We summarize general findings and suggest some directions for further research.

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File URL: http://www.sciencedirect.com/science/article/pii/S1059056015001926
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Article provided by Elsevier in its journal International Review of Economics & Finance.

Volume (Year): 40 (2015)
Issue (Month): C ()
Pages: 338-352

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Handle: RePEc:eee:reveco:v:40:y:2015:i:c:p:338-352
DOI: 10.1016/j.iref.2015.10.042
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/620165

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