The impact of investor sentiment on stock prices in the Egyptian stock market

Author

Shams, Sali Mahmud Hashim

Source

Journal of Commercial and Environmental Studies

Issue

Vol. 9, Issue 2، ج. 1 (30 Jun. 2018), pp.58-82, 25 p.

Publisher

Suez Canal University Faculty of Commerce

Publication Date

2018-06-30

Country of Publication

Egypt

No. of Pages

25

Main Subjects

Economy and Commerce

Topics

Abstract EN

This research investigates the impact of investor sentiment on stock prices in the Egyptian stock market.

Sample size consists of 83 companies listed in the Egyptian stock exchange.

Three measures can be used to measure investors' biased expectations: Share Turnover, E Share, and dividend premium.

Results imply that, investor sentiment significantly affect stock prices of the Egyptian companies.

Interestingly, in periods of higher investor sentiment (investor optimism) stock prices increases and overvaluated, in periods of low investor sentiment, stock prices under-valuated than its fundamental values (stock prices decrease).

American Psychological Association (APA)

Shams, Sali Mahmud Hashim. 2018. The impact of investor sentiment on stock prices in the Egyptian stock market. Journal of Commercial and Environmental Studies،Vol. 9, no. 2، ج. 1, pp.58-82.
https://search.emarefa.net/detail/BIM-1081269

Modern Language Association (MLA)

Shams, Sali Mahmud Hashim. The impact of investor sentiment on stock prices in the Egyptian stock market. Journal of Commercial and Environmental Studies Vol. 9, no. 2, p. 1 (2018), pp.58-82.
https://search.emarefa.net/detail/BIM-1081269

American Medical Association (AMA)

Shams, Sali Mahmud Hashim. The impact of investor sentiment on stock prices in the Egyptian stock market. Journal of Commercial and Environmental Studies. 2018. Vol. 9, no. 2، ج. 1, pp.58-82.
https://search.emarefa.net/detail/BIM-1081269

Data Type

Journal Articles

Language

English

Notes

-

Record ID

BIM-1081269