Investor sentiment and stock returns in Malaysia / Mohd Azwan Sulaiman

The objective of the research is to investigate the role of sentiment in Malaysia’s stock market. The state of investor rationality and efficiency of stock market are debated in theoretical lenses of the behavioural finance paradigm. The behavioral factor, namely, closed-end fund discount, advance-d...

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Main Author:	Sulaiman, Mohd Azwan
Format:	Thesis
Language:	English
Published:	2021
Subjects:	Investment companies Investment trusts Mutual funds
Online Access:	https://ir.uitm.edu.my/id/eprint/60348/1/60348.pdf
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id	my-uitm-ir.60348
record_format	uketd_dc
spelling	my-uitm-ir.603482022-05-26T00:34:25Z Investor sentiment and stock returns in Malaysia / Mohd Azwan Sulaiman 2021-05 Sulaiman, Mohd Azwan Investment companies. Investment trusts. Mutual funds The objective of the research is to investigate the role of sentiment in Malaysia’s stock market. The state of investor rationality and efficiency of stock market are debated in theoretical lenses of the behavioural finance paradigm. The behavioral factor, namely, closed-end fund discount, advance-decline ratio, trading volume/turnover, consumer sentiment index (CSI) and business condition index (BCI) that act as the sentiment proxies. These variables are utilized to analyze the relationship between investor sentiment and stock returns by implementing 2 statistical methods including Ordinary Least Square (OLS) and Quantile (QR) regression model. The research findings are suggested consistent with theoretical perspectives on the view of behavioral finance and existing evidence on revealing the relationship between sentiment and stock market return index that is statistically significant. However, the risk proxies’ relationship with the stock market is heterogeneous that is in line with the view of stock market in a complex state. In summary, this study offering important finance body of knowledge (academic), practice (investor) and policy implications through a new insight of theoretical and empirical evidence on the role of sentiment towards the stock market in Malaysia. Briefly, behavioral factors sentiments can be taken into consideration instead only relying on fundamental factor for stock investment decision making. 2021-05 Thesis https://ir.uitm.edu.my/id/eprint/60348/ https://ir.uitm.edu.my/id/eprint/60348/1/60348.pdf text en public masters Universiti Teknologi MARA Faculty of Business and Management Salisi, Mohd Shamlie (Dr.)
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Salisi, Mohd Shamlie (Dr.)
topic	Investment companies Investment trusts Mutual funds
spellingShingle	Investment companies Investment trusts Mutual funds Sulaiman, Mohd Azwan Investor sentiment and stock returns in Malaysia / Mohd Azwan Sulaiman
description	The objective of the research is to investigate the role of sentiment in Malaysia’s stock market. The state of investor rationality and efficiency of stock market are debated in theoretical lenses of the behavioural finance paradigm. The behavioral factor, namely, closed-end fund discount, advance-decline ratio, trading volume/turnover, consumer sentiment index (CSI) and business condition index (BCI) that act as the sentiment proxies. These variables are utilized to analyze the relationship between investor sentiment and stock returns by implementing 2 statistical methods including Ordinary Least Square (OLS) and Quantile (QR) regression model. The research findings are suggested consistent with theoretical perspectives on the view of behavioral finance and existing evidence on revealing the relationship between sentiment and stock market return index that is statistically significant. However, the risk proxies’ relationship with the stock market is heterogeneous that is in line with the view of stock market in a complex state. In summary, this study offering important finance body of knowledge (academic), practice (investor) and policy implications through a new insight of theoretical and empirical evidence on the role of sentiment towards the stock market in Malaysia. Briefly, behavioral factors sentiments can be taken into consideration instead only relying on fundamental factor for stock investment decision making.
format	Thesis
qualification_level	Master's degree
author	Sulaiman, Mohd Azwan
author_facet	Sulaiman, Mohd Azwan
author_sort	Sulaiman, Mohd Azwan
title	Investor sentiment and stock returns in Malaysia / Mohd Azwan Sulaiman
title_short	Investor sentiment and stock returns in Malaysia / Mohd Azwan Sulaiman
title_full	Investor sentiment and stock returns in Malaysia / Mohd Azwan Sulaiman
title_fullStr	Investor sentiment and stock returns in Malaysia / Mohd Azwan Sulaiman
title_full_unstemmed	Investor sentiment and stock returns in Malaysia / Mohd Azwan Sulaiman
title_sort	investor sentiment and stock returns in malaysia / mohd azwan sulaiman
granting_institution	Universiti Teknologi MARA
granting_department	Faculty of Business and Management
publishDate	2021
url	https://ir.uitm.edu.my/id/eprint/60348/1/60348.pdf
_version_	1783735114527670272

Investor sentiment and stock returns in Malaysia / Mohd Azwan Sulaiman

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