Information Vs Investor Sentiment Effect on Stock Market Liquidity During Covid-19 Pandemic | ||||
| المجلة العلمية للدراسات التجارية والبيئية | ||||
| Article 16, Volume 14, Issue 2, April 2023, Page 702-723 PDF (579.3 K) | ||||
| Document Type: المقالة الأصلية | ||||
| DOI: 10.21608/jces.2023.304162 | ||||
 View on SCiNiTO | ||||
| Authors | ||||
| Mohamed Sameh Gameel* ; Asmaa Ahmed Abo Alkomsan* | ||||
| Faculty of Business Administration, Sadat Academy for Management Sciences, Cairo, Egypt | ||||
| Abstract | ||||
| Stock markets are known to be very uncertain. Not only are they affected by announced facts and events but also they are affected by investor sentiment. The present research examines the extent to which announced information and investor sentiment affect stock market liquidity. The study took place during the outbreak of covid-19 during which there was lack of information. During this period there was a little some of information all about the number of new patients, the cumulative number of patients, the number of new deaths and the cumulative number of deaths. Accordingly, many investors based on their sentiment to compensate for this lack of information. The present study asserts that both developed and developing countries stock markets are affected by investor sentiment. The study uncovers the existence of a negative relationship between investors sentiment and the market liquidity and, therefore, it adds to the literature related to the controversy between traditional finance and behavioral finance. | ||||
| Keywords | ||||
| investor sentiment; covid 19; stock market liquidity; stock market efficiency; developed markets; developing markets | ||||
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