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Investor sentiment and stock returns: Wenchuan Earthquake
16 references·15 citing·35 second hopsampled
Investor sentiment and stock returns: Wenchuan Earthquake (2011)Investor sentiment and stock returns: Wen…The price of sin: The effects of social norms on markets (2009)The price of sin: The effects…Sentiment and stock prices: The case of aviation disasters (2009)Sentiment and stock prices: T…Investor Sentiment and the Cross‐Section of Stock Returns (2006)Investor Sentiment and the Cr…Local Does as Local Is: Information Content of the Geography of Individual Investors' Common Stock Investments (2005)Local Does as Local Is: Infor…Winter Blues: A SAD Stock Market Cycle (2003)Winter Blues: A SAD Stock Mar…Industry Concentration and Average Stock Returns (2003)Industry Concentration and Av…Psychological Reactions to Terrorist Attacks (2002)Psychological Reactions to Te…Nationwide Longitudinal Study of Psychological Responses to September 11 (2002)Nationwide Longitudinal Study…The Geography of Investment: Informed Trading and Asset Prices (2001)The Geography of Investment: …Investor Psychology and Asset Pricing (2001)Investor Psychology and Asset…How Distance, Language, and Culture Influence Stockholdings and Trades (2001)How Distance, Language, and C…Losing Sleep at the Market: The Daylight Saving Anomaly (2000)Losing Sleep at the Market: T…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Stock prices and the Wall Street weather (1993)Stock prices and the Wall Str…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Investor sentiment and its implication on global financial markets: a systematic review of literature (2025)Investor sentiment and its im…Evolution of investor sentiment: A systematic literature review and bibliometric analysis (2025)Evolution of investor sentime…Forecasting the realized volatility of agricultural commodity prices: Does sentiment matter? (2024)Forecasting the realized vola…Natural disasters, investor sentiments and stock market reactions: Evidence from Turkey–Syria earthquakes (2023)Natural disasters, investor s…Natural disasters and market manipulation (2023)Natural disasters and market …The impact of climatic disaster on corporate investment policy (2022)The impact of climatic disast…Do Natural Disasters Affect Corporate Tax Avoidance? The Case of Drought (2022)Do Natural Disasters Affect C…Naval disasters, world war two and the British stock market (2021)Naval disasters, world war tw…The impact of COVID-19 on the Chinese stock market: Sentimental or substantial? (2020)The impact of COVID-19 on the…From efficient markets to adaptive markets: Evidence from the French stock exchange (2019)From efficient markets to ada…PENGARUH KEBIJAKAN DIVIDEN, LEVERAGE PERUSAHAAN DAN PROFITABILITAS TERHADAP RETURN SAHAM (2018)PENGARUH KEBIJAKAN DIVIDEN, L…Study on the influence mechanism of air quality on stock market yield and Volatility: Empirical test from China based on GARCH model (2017)Study on the influence mechan…Celebrities and ordinaries in social networks: Who knows more information? (2016)Celebrities and ordinaries in…Investor Sentiment and Financial Market Volatility (2015)Investor Sentiment and Financ…Is Big Brother Watching Us? Google, Investor Sentiment and the Stock Market (2012)Is Big Brother Watching Us? G…The Cross-Section of Expected Stock Returns (1992)Does function follow organizational form? Evidence from the lending practices of large and small banks (2005)Trusting the Stock Market (2005)Who Gambles in the Stock Market? (2009)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Investor Diversification and International Equity Markets (1991)Home Bias at Home: Local Equity Preference in Domestic Portfolios (1999)Does Distance Still Matter? The Information Revolution in Small Business Lending (2002)Household Finance (2006)The Hopkins Symptom Checklist (HSCL): A self-report symptom inventory (1974)Posttraumatic Stress Disorder in the National Comorbidity Survey (1995)You want to measure coping but your protocol’ too long: Consider the brief cope (1997)Community Resilience as a Metaphor, Theory, Set of Capacities, and Strategy for Disaster Readiness (2007)Making sense of the meaning literature: An integrative review of meaning making and its effects on adjustment to stressful life events. (2010)Risk and resilience in family well-being during the COVID-19 pandemic. (2020)Does the Stock Market Overreact? (1985)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)Equity Portfolio Diversification (2008)The Causal Impact of Media in Financial Markets (2011)A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Do Investors Care about Carbon Risk? (2019)Firms and social responsibility: A review of ESG and CSR research in corporate finance (2021)Judgment under Uncertainty: Heuristics and Biases (1974)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Overconfidence and Speculative Bubbles (2003)Information Uncertainty and Stock Returns (2006)Multifactor Explanations of Asset Pricing Anomalies (1996)Giving Content to Investor Sentiment: The Role of Media in the Stock Market (2007)Integración de los mercados financieros Latinoamericanos por medio de MILA (2020)
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References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2006Investor Sentiment and the Cross‐Section of Stock Returns6,373 cited
  • 2009The price of sin: The effects of social norms on markets2,677 cited
  • 2001Investor Psychology and Asset Pricing2,429 cited
  • 2001The Geography of Investment: Informed Trading and Asset Prices2,004 cited
  • 2001How Distance, Language, and Culture Influence Stockholdings and Trades1,694 cited
  • 2005Local Does as Local Is: Information Content of the Geography of Individual Investors' Common Stock Investments1,315 cited
  • 2002Nationwide Longitudinal Study of Psychological Responses to September 111,266 cited
  • 2002Psychological Reactions to Terrorist Attacks1,150 cited
  • 2003Winter Blues: A SAD Stock Market Cycle1,105 cited
  • 2003Industry Concentration and Average Stock Returns923 cited
  • 1993Stock prices and the Wall Street weather831 cited
  • 2009Sentiment and stock prices: The case of aviation disasters610 cited

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2000
Losing Sleep at the Market: The Daylight Saving Anomaly
494 cited

Cited by

  • 2020The impact of COVID-19 on the Chinese stock market: Sentimental or substantial?149 cited
  • 2015Investor Sentiment and Financial Market Volatility68 cited
  • 2019From efficient markets to adaptive markets: Evidence from the French stock exchange65 cited
  • 2023Natural disasters and market manipulation43 cited
  • 2022Do Natural Disasters Affect Corporate Tax Avoidance? The Case of Drought42 cited
  • 2025Investor sentiment and its implication on global financial markets: a systematic review of literature35 cited
  • 2017Study on the influence mechanism of air quality on stock market yield and Volatility: Empirical test from China based on GARCH model34 cited
  • 2023Natural disasters, investor sentiments and stock market reactions: Evidence from Turkey–Syria earthquakes32 cited
  • 2021Naval disasters, world war two and the British stock market30 cited
  • 2012Is Big Brother Watching Us? Google, Investor Sentiment and the Stock Market25 cited
  • 2024Forecasting the realized volatility of agricultural commodity prices: Does sentiment matter?22 cited
  • 2025Evolution of investor sentiment: A systematic literature review and bibliometric analysis21 cited
  • 2016Celebrities and ordinaries in social networks: Who knows more information?18 cited
  • 2018PENGARUH KEBIJAKAN DIVIDEN, LEVERAGE PERUSAHAAN DAN PROFITABILITAS TERHADAP RETURN SAHAM13 cited
  • 2022The impact of climatic disaster on corporate investment policy12 cited