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Details van artikel 7 van 54 gevonden artikelen
| Titel: |
A Report on the March 2001 Investor Sentiment Survey |
| Auteur: |
Dreman, David Johnson, Stephen MacGregor, Donald Slovic, Paul |
| Verschenen in: |
Journal of behavioral finance |
| Paginering: | Jaargang 2 (2001) nr. 3 pagina's 126-134 |
| Jaar: |
2001-09-01 |
| Inhoud: |
Steep declines in the value of publicly traded stocks in the first quarter of 2001 left many market observers speculating whether investor sentiment had undergone a significant and negative change, and whether investors would subsequently flee stocks in favor of less volatile investment options. A survey study of investor expectations and confidence was conducted in late March 2001 to capture investor sentiment and compare it with similar measures taken in surveys conducted in 1998 during a period of rapid market incline. The surprising results are that there are only minor differences in investor sentiment in terms of: (a) confidence in the long and intermediate performance of the stock markets; (b) composition of stocks versus bonds in their portfolios; (c) the intention to buy on the dips; (d) the amount of risk investors plan to undertake. The high level of investor confidence observed in 2001 (in spite of a severe drop in market value) is potentially accounted for by psychological processes that influence investor judgment. These processes include reliance on image-driven affective evaluations of common stocks that contribute to excessive optimism. |
| Uitgever: |
Routledge |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 7 van 54 gevonden artikelen
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