References
[1]. Fama, E. F. (1965). The behavior of stock-market prices. The Journal of Business, 38(1), 34–105.
[2]. Fama, E. F. (1970). Efficient Capital Markets: A Review of Theory and Empirical Work. The Journal of Finance, 25(2), 383–417.
[3]. Keynes, J. M. (1936). The General Theory of Employment, Interest, and Money. Palgrave Macmillan.
[4]. Fisher, I. (1930). The Stock Market Crash - And After. Macmillan.
[5]. Black, F. (1986). Noise. The Journal of Finance, 41(3), 528–543.
[6]. Baker, M., & Wurgler, J. (2006). Investor Sentiment and the Cross-Section of Stock Returns. The Journal of Finance, 61(4), 1645–1680.
[7]. Da, Z., Engelberg, J., & Gao, P. (2015). The sum of all FEARS investor sentiment and asset prices. The Review of Financial Studies, 28(1), 1–32.
[8]. Tetlock, P. C. (2007). Giving Content to Investor Sentiment: The Role of Media in the Stock Market. The Journal of Finance, 62(3), 1139–1168.
[9]. Bollen, J., Mao, H., & Zeng, X. (2011). Twitter mood predicts the stock market. Journal of Computational Science, 2(1), 1–8.
[10]. Nguyen, T. H., Shirai, K., & Velcin, J. (2015). Sentiment analysis on social media for stock movement prediction. Expert Systems with Applications, 42(24), 9603–9611.
[11]. Loughran, T., & Mcdonald, B. (2011). When is a liability not a liability? Textual analysis, dictionaries, and 10-Ks. The Journal of Finance, 66(1), 35–65.
[12]. Kearney, C., & Liu, S. (2014). Textual sentiment in finance: A survey of methods and models. International Review of Financial Analysis, 33, 171–185.
[13]. Chau, F., Deesomsak, R., & Koutmos, D. (2016). Does investor sentiment really matter? International Review of Financial Analysis, 48, 221–232.
[14]. Zhou, G. (2018). Measuring investor sentiment. Annual Review of Financial Economics, 10(1), 239–259.
[15]. Gao, Z., Ren, H., & Zhang, B. (2020). Googling investor sentiment around the world. Journal of Financial and Quantitative Analysis, 55(2), 549–580.
[16]. Ángeles López-Cabarcos, M., M Pérez-Pico, A., & López-Pérez, M. L. (2020). Investor sentiment in the theoretical field of behavioral finance. Economic Research - Ekonomska Istraživanja, 33(1), 2101–2228.
[17]. Hu, J., Sui, Y., & Ma, F. (2021). The measurement method of investor sentiment and its relationship with stock market. Computational Intelligence and Neuroscience, 2021(1), 6672677.
[18]. Wang, W., Su, C., & Duxbury, D. (2021). Investor sentiment and stock returns: Global evidence. Journal of Empirical Finance, 63, 365–391.
Cite this article
Li,Z. (2025). Research on Investor Sentiment in Different Periods. Advances in Economics, Management and Political Sciences,182,43-49.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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References
[1]. Fama, E. F. (1965). The behavior of stock-market prices. The Journal of Business, 38(1), 34–105.
[2]. Fama, E. F. (1970). Efficient Capital Markets: A Review of Theory and Empirical Work. The Journal of Finance, 25(2), 383–417.
[3]. Keynes, J. M. (1936). The General Theory of Employment, Interest, and Money. Palgrave Macmillan.
[4]. Fisher, I. (1930). The Stock Market Crash - And After. Macmillan.
[5]. Black, F. (1986). Noise. The Journal of Finance, 41(3), 528–543.
[6]. Baker, M., & Wurgler, J. (2006). Investor Sentiment and the Cross-Section of Stock Returns. The Journal of Finance, 61(4), 1645–1680.
[7]. Da, Z., Engelberg, J., & Gao, P. (2015). The sum of all FEARS investor sentiment and asset prices. The Review of Financial Studies, 28(1), 1–32.
[8]. Tetlock, P. C. (2007). Giving Content to Investor Sentiment: The Role of Media in the Stock Market. The Journal of Finance, 62(3), 1139–1168.
[9]. Bollen, J., Mao, H., & Zeng, X. (2011). Twitter mood predicts the stock market. Journal of Computational Science, 2(1), 1–8.
[10]. Nguyen, T. H., Shirai, K., & Velcin, J. (2015). Sentiment analysis on social media for stock movement prediction. Expert Systems with Applications, 42(24), 9603–9611.
[11]. Loughran, T., & Mcdonald, B. (2011). When is a liability not a liability? Textual analysis, dictionaries, and 10-Ks. The Journal of Finance, 66(1), 35–65.
[12]. Kearney, C., & Liu, S. (2014). Textual sentiment in finance: A survey of methods and models. International Review of Financial Analysis, 33, 171–185.
[13]. Chau, F., Deesomsak, R., & Koutmos, D. (2016). Does investor sentiment really matter? International Review of Financial Analysis, 48, 221–232.
[14]. Zhou, G. (2018). Measuring investor sentiment. Annual Review of Financial Economics, 10(1), 239–259.
[15]. Gao, Z., Ren, H., & Zhang, B. (2020). Googling investor sentiment around the world. Journal of Financial and Quantitative Analysis, 55(2), 549–580.
[16]. Ángeles López-Cabarcos, M., M Pérez-Pico, A., & López-Pérez, M. L. (2020). Investor sentiment in the theoretical field of behavioral finance. Economic Research - Ekonomska Istraživanja, 33(1), 2101–2228.
[17]. Hu, J., Sui, Y., & Ma, F. (2021). The measurement method of investor sentiment and its relationship with stock market. Computational Intelligence and Neuroscience, 2021(1), 6672677.
[18]. Wang, W., Su, C., & Duxbury, D. (2021). Investor sentiment and stock returns: Global evidence. Journal of Empirical Finance, 63, 365–391.