He mood beta concept of Hirschleifer, Jiang en Meng (2017) examined by incorporating soccer results

Simple item page
dc.contributor.advisorQiu, J.
dc.contributor.authorRevensberg, Kees
dc.date.issued2017-11-14
dc.description.abstractThis thesis examines the mood beta concept of Hirshleifer, Jiang and Meng (2017) in which Hirshleifer et al. claim that a unique mood beta fully captures a stocks’ sensitivity to mood. This thesis examines if such mood betas are significant by using a European instead of a U.S. sample, with stocks of companies included in the STOXX600. Moreover, this thesis also takes into account soccer results as an alternative measure of mood, in order to examine whether there is a correlation between the mood beta measured by calendar effects and the mood effect on stock prices caused by soccer results. If there is correlation, it can be concluded that the mood betas are indeed a valid measure of a stocks’ sensitivity to mood. First, this thesis tests whether the mood betas are significant. However, mostly insignificant mood betas are found. Second, no correlation is found between the stock return responses after international soccer wins and losses and the insignificant mood betas. Overall, this thesis questions whether the mood beta concept of Hirshleifer et al. (2017) is really a valid measure of stocks’ sensitivity to mood. However, the method could be valid but at least it can be concluded that the mood beta concept cannot be confirmed under all circumstances.en_US
dc.identifier.urihttp://theses.ubn.ru.nl/handle/123456789/5206
dc.language.isoenen_US
dc.thesis.facultyFaculteit der Managementwetenschappenen_US
dc.thesis.specialisationFinancial Economicsen_US
dc.thesis.studyprogrammeMaster Economicsen_US
dc.thesis.typeMasteren_US
dc.titleHe mood beta concept of Hirschleifer, Jiang en Meng (2017) examined by incorporating soccer resultsen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
17.018 MTHEC_RU_Kees_Revenberg_s4228057.pdf
Size:
2.95 MB
Format:
Adobe Portable Document Format
Download
Collections
Faculteit der Managementwetenschappen