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

Brzeszczyński, Janusz; Gajdka, Jerzy; Kutan, Ali M.

Abstract

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.

Citation

BRZESZCZYŃSKI, J., GAJDKA, J. and KUTAN, A. 2015. Investor response to public news, sentiment and institutional trading in emerging markets: a review. International review of economics and finance [online], 40, pages 338-352. Available from: https://doi.org/10.1016/j.iref.2015.10.042

• Journal Article Type: Article
• Acceptance Date: Oct 20, 2015
• Online Publication Date: Oct 28, 2015
• Publication Date: Nov 30, 2015
• Deposit Date: Jun 13, 2023
• Publicly Available Date: Jun 13, 2023
• Journal: International review of economics and finance
• Print ISSN: 1059-0560
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 40
• Pages: 338-352
• DOI: https://doi.org/10.1016/j.iref.2015.10.042
• Keywords: Investor behavior and reaction; IMF-news; Central bank announcements; Public news; News arrival; Institutional trading
• Public URL: https://rgu-repository.worktribe.com/output/1987625