{"id":"https://openalex.org/W2805284471","doi":"https://doi.org/10.1080/15427560.2018.1506787","title":"Investors\u2019 Uncertainty and Stock Market Risk","display_name":"Investors\u2019 Uncertainty and Stock Market Risk","publication_year":2019,"publication_date":"2019-01-17","ids":{"openalex":"https://openalex.org/W2805284471","doi":"https://doi.org/10.1080/15427560.2018.1506787","mag":"2805284471"},"language":"en","primary_location":{"id":"doi:10.1080/15427560.2018.1506787","doi":"https://doi.org/10.1080/15427560.2018.1506787","is_oa":false,"landing_page_url":"https://doi.org/10.1080/15427560.2018.1506787","pdf_url":null,"source":{"id":"https://openalex.org/S94083415","display_name":"Journal of Behavioral Finance","issn_l":"1520-8834","issn":["1520-8834","1532-7760","1542-7560","1542-7579"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319847","host_organization_name":"Routledge","host_organization_lineage":["https://openalex.org/P4310319847","https://openalex.org/P4310320547"],"host_organization_lineage_names":["Routledge","Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Behavioral Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://scholarworks.utrgv.edu/context/ef_fac/article/1073/viewcontent/2018__SSRN_id3151158.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5046145779","display_name":"Diego Escobari","orcid":"https://orcid.org/0000-0003-4532-8563","observed_orcids":["https://orcid.org/0000-0003-4532-8563"]},"institutions":[{"id":"https://openalex.org/I2802326326","display_name":"The University of Texas Rio Grande Valley","ror":"https://ror.org/02p5xjf12","country_code":"US","type":"education","lineage":["https://openalex.org/I2802326326"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Diego Escobari","raw_affiliation_strings":["The University of Texas Rio Grande Valley;"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The University of Texas Rio Grande Valley;","institution_ids":["https://openalex.org/I2802326326"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5052855143","display_name":"Mohammad Jafarinejad","orcid":"https://orcid.org/0000-0003-2468-5174","observed_orcids":["https://orcid.org/0000-0003-2468-5174"]},"institutions":[{"id":"https://openalex.org/I183533211","display_name":"University of Wisconsin\u2013Whitewater","ror":"https://ror.org/049hrzs50","country_code":"US","type":"education","lineage":["https://openalex.org/I183533211"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Mohammad Jafarinejad","raw_affiliation_strings":["University of Wisconsin-Whitewater"],"raw_orcid":"https://orcid.org/0000-0003-2468-5174","affiliations":[{"raw_affiliation_string":"University of Wisconsin-Whitewater","institution_ids":["https://openalex.org/I183533211"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5052855143"],"corresponding_institution_ids":["https://openalex.org/I183533211"],"apc_list":null,"apc_paid":null,"fwci":2.4243,"has_fulltext":true,"cited_by_count":25,"citation_normalized_percentile":{"value":0.89039977,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":93,"max":99},"biblio":{"volume":"20","issue":"3","first_page":"304","last_page":"315"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.8881999850273132,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.8881999850273132,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.05400000140070915,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.04910000041127205,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/investor-uncertainty","display_name":"investor uncertainty","score":0.9779999852180481},{"id":"https://openalex.org/keywords/investor-sentiment","display_name":"investor sentiment","score":0.9539999961853027},{"id":"https://openalex.org/keywords/conditional-volatility","display_name":"conditional variance","score":0.781000018119812},{"id":"https://openalex.org/keywords/stock-market-risk","display_name":"stock market risk","score":0.9190000295639038},{"id":"https://openalex.org/keywords/economic-downturn","display_name":"economic downturn","score":0.9179999828338623},{"id":"https://openalex.org/keywords/uncertainty-measures","display_name":"uncertainty measures","score":0.7160000205039978},{"id":"https://openalex.org/keywords/behavioral-finance","display_name":"behavioral finance","score":0.550000011920929}],"concepts":[{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.652675211429596},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5797891616821289},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.579525887966156},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5347335338592529},{"id":"https://openalex.org/C55527203","wikidata":"https://www.wikidata.org/wiki/Q334194","display_name":"Spillover effect","level":2,"score":0.5281640887260437},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.5075015425682068},{"id":"https://openalex.org/C2781410264","wikidata":"https://www.wikidata.org/wiki/Q440364","display_name":"Market sentiment","level":2,"score":0.469509094953537},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.44509491324424744},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.07847651839256287},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1080/15427560.2018.1506787","doi":"https://doi.org/10.1080/15427560.2018.1506787","is_oa":false,"landing_page_url":"https://doi.org/10.1080/15427560.2018.1506787","pdf_url":null,"source":{"id":"https://openalex.org/S94083415","display_name":"Journal of Behavioral Finance","issn_l":"1520-8834","issn":["1520-8834","1532-7760","1542-7560","1542-7579"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319847","host_organization_name":"Routledge","host_organization_lineage":["https://openalex.org/P4310319847","https://openalex.org/P4310320547"],"host_organization_lineage_names":["Routledge","Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Behavioral Finance","raw_type":"journal-article"},{"id":"pmh:oai:scholarworks.utrgv.edu:ef_fac-1073","doi":null,"is_oa":true,"landing_page_url":"https://scholarworks.utrgv.edu/ef_fac/74","pdf_url":"https://scholarworks.utrgv.edu/context/ef_fac/article/1073/viewcontent/2018__SSRN_id3151158.pdf","source":{"id":"https://openalex.org/S4306402611","display_name":"ScholarWorks @ UTRGV (The University of Texas Rio Grande Valley)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I2802326326","host_organization_name":"The University of Texas Rio Grande Valley","host_organization_lineage":["https://openalex.org/I2802326326"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"School of Economics and Finance Faculty Publications","raw_type":"text"},{"id":"pmh:oai:RePEc:taf:hbhfxx:v:20:y:2019:i:3:p:304-315","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/15427560.2018.1506787","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"pmh:oai:scholarworks.utrgv.edu:ef_fac-1073","doi":null,"is_oa":true,"landing_page_url":"https://scholarworks.utrgv.edu/ef_fac/74","pdf_url":"https://scholarworks.utrgv.edu/context/ef_fac/article/1073/viewcontent/2018__SSRN_id3151158.pdf","source":{"id":"https://openalex.org/S4306402611","display_name":"ScholarWorks @ UTRGV (The University of Texas Rio Grande Valley)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I2802326326","host_organization_name":"The University of Texas Rio Grande Valley","host_organization_lineage":["https://openalex.org/I2802326326"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"School of Economics and Finance Faculty Publications","raw_type":"text"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2805284471.pdf","grobid_xml":"https://content.openalex.org/works/W2805284471.grobid-xml"},"referenced_works_count":51,"referenced_works":["https://openalex.org/W1529624024","https://openalex.org/W1727659491","https://openalex.org/W1749337914","https://openalex.org/W1802754774","https://openalex.org/W1966916709","https://openalex.org/W1976058214","https://openalex.org/W1979061340","https://openalex.org/W1979575715","https://openalex.org/W1991823767","https://openalex.org/W1997616356","https://openalex.org/W1999029409","https://openalex.org/W1999996900","https://openalex.org/W2002227559","https://openalex.org/W2008595550","https://openalex.org/W2023850362","https://openalex.org/W2029056003","https://openalex.org/W2030664064","https://openalex.org/W2044117118","https://openalex.org/W2044683838","https://openalex.org/W2072478449","https://openalex.org/W2090637028","https://openalex.org/W2094862176","https://openalex.org/W2097152068","https://openalex.org/W2103650532","https://openalex.org/W2119094949","https://openalex.org/W2121606993","https://openalex.org/W2128633294","https://openalex.org/W2144836007","https://openalex.org/W2148553891","https://openalex.org/W2159641238","https://openalex.org/W2889842381","https://openalex.org/W3023597126","https://openalex.org/W3121285187","https://openalex.org/W3121829271","https://openalex.org/W3122846673","https://openalex.org/W3123494419","https://openalex.org/W3123993840","https://openalex.org/W3124124033","https://openalex.org/W3124486855","https://openalex.org/W3124495159","https://openalex.org/W3124688932","https://openalex.org/W3125380794","https://openalex.org/W3125493359","https://openalex.org/W3125564657","https://openalex.org/W3125869050","https://openalex.org/W3126081245","https://openalex.org/W4229815463","https://openalex.org/W4236290419","https://openalex.org/W4239488419","https://openalex.org/W4255461888","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W4394987770","https://openalex.org/W4410242096","https://openalex.org/W4404722354","https://openalex.org/W4415951039","https://openalex.org/W4212880818","https://openalex.org/W4377000653","https://openalex.org/W6930881169","https://openalex.org/W2561828977","https://openalex.org/W3213280042","https://openalex.org/W4400348935"],"abstract_inverted_index":{"The":[0,43,97,114],"authors":[1,98],"propose":[2],"a":[3,70,88,126],"novel":[4],"approach":[5],"to":[6,38],"model":[7],"investors'":[8,15,47,60,92],"uncertainty":[9,48,93,103,122],"using":[10],"the":[11,40,64,67],"conditional":[12,72],"volatility":[13],"of":[14,32,69,120,137],"sentiment.":[16,61],"Working":[17],"with":[18,58,133],"weekly":[19],"data":[20],"on":[21],"investor":[22],"sentiment,":[23],"6":[24],"major":[25],"U.S.":[26],"stock":[27],"indices,":[28],"and":[29,54,76,83,94,104,128],"alternative":[30],"measures":[31,136],"uncertainty,":[33],"they":[34],"run":[35],"various":[36],"tests":[37],"validate":[39],"proposed":[41],"measure.":[42],"estimates":[44],"show":[45],"that":[46,101],"is":[49,56,85],"greater":[50],"during":[51],"economic":[52],"downturns,":[53],"it":[55],"linked":[57],"lower":[59],"In":[62],"addition,":[63],"results":[65],"support":[66],"existence":[68],"positive":[71,79,89,127],"correlation":[73,132],"between":[74,81,91],"sentiment":[75,82],"returns.":[77],"This":[78],"spillover":[80],"returns":[84],"interpreted":[86],"as":[87,123],"link":[90],"market":[95,105],"risk.":[96],"also":[99],"find":[100],"investors\u2019":[102],"risk":[106],"are":[107],"strongly":[108],"driven":[109],"by":[110,125],"their":[111],"lagged":[112],"values.":[113],"authors\u2019":[115],"measure":[116],"consistently":[117],"captures":[118],"periods":[119],"high":[121],"shown":[124],"highly":[129],"statistically":[130],"significant":[131],"other":[134],"existing":[135],"uncertainty.":[138]},"counts_by_year":[{"year":2026,"cited_by_count":5},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":6},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":2}],"updated_date":"2026-10-22T18:32:59.640997","created_date":"2018-06-13T00:00:00"}