... are made. Indeed, the effect of macroeconomic factors has been highlighted in the recent literature (such as Bhamra et al., 2010 ; Arnold et al., 2013 ; Pindado et al., 2017). Hence, with respect to economic expectations, during economic expansions, peoples' sentiment becomes...

...Albert Rapp Purpose The purpose of this paper is to investigate whether sentiment and mood, which are distinct theoretical concepts, can also be distinguished empirically. Design/methodology/approach Using a sample of German small-cap stocks and linear techniques, the effect of sentiment...