The impact of investor sentiment on stock prices in the Egyptian stock market
Author
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
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
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Record ID
BIM-1081269