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The impact of investor sentiment on the German stock market

✍ Scribed by Philipp Finter; Alexandra Niessen-Ruenzi; Stefan Ruenzi

Book ID
107396446
Publisher
Springer-Verlag
Year
2012
Tongue
English
Weight
554 KB
Volume
82
Category
Article
ISSN
0044-2372

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This paper tests the widely held proposition that investor sentiment contributed to the stock market crash of 1987. Using weekly data during the 1986-8 period and conventional measures of stock fundamentals, changes in fundamentals are found to have a statistically significant influence on the movem