Please use this identifier to cite or link to this item: https://hdl.handle.net/10321/5355
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dc.contributor.authorFonou-Dombeu, Nyanine Chueleen_US
dc.contributor.authorNomlala, Bomi Cyrilen_US
dc.contributor.authorNyide, Celani Johnen_US
dc.date.accessioned2024-07-28T15:52:05Z-
dc.date.available2024-07-28T15:52:05Z-
dc.date.issued2024-
dc.identifier.citationFonou-Dombeu, N.C., Nomlala, B.C. and Nyide, C.J. 2024. Investigating the effect of investor sentiment on stock return sensitivity to fundamental factors: case of JSE listed companies. Cogent Business & Management. 11(1), 1-10. doi:10.1080/23311975.2024.2353846en_US
dc.identifier.issn2331-1975 (Online)-
dc.identifier.urihttps://hdl.handle.net/10321/5355-
dc.description.abstractthis study examines the association between a firm’s fundamental factors and stock returns as well as how investor sentiment influences the association between these variables. the fundamental factors analyzed include accounting variables (earnings yields, change in profitability, and capital investment) and earnings quality measures. investor sentiment is measured using the south African consumer confidence index. A sample of 1 386 firm-year observations from the companies listed on the Johannesburg stock exchange (Jse) between 1990 and 2022 was used. the results show that fundamental factors are related to stock returns, except for measures of earnings quality. Although earnings yields and capital investments cause variation in stock returns, their effects on stock returns are influenced by other variables associated with stock returns. in addition, investor sentiment affects the relationship between fundamental factors and stock returns, suggesting that sentiment influences the outcome of the capital market and the way investors process fundamental information. profitability seems to be more related to stock returns than other fundamental variables. this study sheds light on how sentiment interacts with a set of fundamental factors and their sensitivity to stock returns and highlights the important role of investor sentiment and accounting information in the capital market.en_US
dc.format.extent20 pen_US
dc.language.isoenen_US
dc.publisherInforma UK Limiteden_US
dc.relation.ispartofCogent Business & Management; Vol. 11, Issue 1en_US
dc.subject1503 Business and Managementen_US
dc.subject3507 Strategy, management and organisational behaviouren_US
dc.titleInvestigating the effect of investor sentiment on stock return sensitivity to fundamental factors : case of JSE listed companiesen_US
dc.typeArticleen_US
dc.date.updated2024-06-19T09:10:59Z-
dc.publisher.urihttp://dx.doi.org/10.1080/23311975.2024.2353846en_US
dc.identifier.doi10.1080/23311975.2024.2353846-
item.grantfulltextopen-
item.cerifentitytypePublications-
item.fulltextWith Fulltext-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.languageiso639-1en-
item.openairetypeArticle-
Appears in Collections:Research Publications (Accounting and Informatics)
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