{"id":"https://openalex.org/W3015996293","doi":"https://doi.org/10.1016/j.pacfin.2020.101329","title":"Business sentiment and the cross-section of global equity returns","display_name":"Business sentiment and the cross-section of global equity returns","publication_year":2020,"publication_date":"2020-04-10","ids":{"openalex":"https://openalex.org/W3015996293","doi":"https://doi.org/10.1016/j.pacfin.2020.101329","mag":"3015996293"},"language":"en","primary_location":{"id":"doi:10.1016/j.pacfin.2020.101329","doi":"https://doi.org/10.1016/j.pacfin.2020.101329","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.pacfin.2020.101329","pdf_url":null,"source":{"id":"https://openalex.org/S29049940","display_name":"Pacific-Basin Finance Journal","issn_l":"0927-538X","issn":["0927-538X","1879-0585"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Pacific-Basin Finance Journal","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5003712411","display_name":"Adam Zaremba","orcid":"https://orcid.org/0000-0001-5879-9431","observed_orcids":["https://orcid.org/0000-0001-5879-9431"]},"institutions":[{"id":"https://openalex.org/I12379730","display_name":"Pozna\u0144 University of Economics and Business","ror":"https://ror.org/0532c1x92","country_code":"PL","type":"education","lineage":["https://openalex.org/I12379730"]},{"id":"https://openalex.org/I132806614","display_name":"University of Dubai","ror":"https://ror.org/05h0z7c09","country_code":"AE","type":"education","lineage":["https://openalex.org/I132806614"]}],"countries":["AE","PL"],"is_corresponding":false,"raw_author_name":"Adam Zaremba","raw_affiliation_strings":["Department of Investment and Capital Markets, Institute of Finance, Poznan University of Economics and Business, al. Niepodleg\u0142o\u015bci 10, 61-875 Poznan, Poland","Dubai Business School, University of Dubai, Academic City, P.O. Box: 14143, Dubai, United Arab Emirates"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Investment and Capital Markets, Institute of Finance, Poznan University of Economics and Business, al. Niepodleg\u0142o\u015bci 10, 61-875 Poznan, Poland","institution_ids":["https://openalex.org/I12379730"]},{"raw_affiliation_string":"Dubai Business School, University of Dubai, Academic City, P.O. Box: 14143, Dubai, United Arab Emirates","institution_ids":["https://openalex.org/I132806614"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5088908926","display_name":"Adam Szyszka","orcid":"https://orcid.org/0000-0003-3196-5967","observed_orcids":["https://orcid.org/0000-0003-3196-5967"]},"institutions":[{"id":"https://openalex.org/I18193975","display_name":"SGH Warsaw School of Economics","ror":"https://ror.org/032cph770","country_code":"PL","type":"education","lineage":["https://openalex.org/I18193975"]}],"countries":["PL"],"is_corresponding":false,"raw_author_name":"Adam Szyszka","raw_affiliation_strings":["Institute of International Economics, Collegium of World Economy, Warsaw School of Economics, al. Niepodleg\u0142o\u015bci 162, 02-554 Warsaw, Poland"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Institute of International Economics, Collegium of World Economy, Warsaw School of Economics, al. Niepodleg\u0142o\u015bci 162, 02-554 Warsaw, Poland","institution_ids":["https://openalex.org/I18193975"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5087645788","display_name":"Huaigang Long","orcid":"https://orcid.org/0000-0002-9608-9200","observed_orcids":["https://orcid.org/0000-0002-9608-9200"]},"institutions":[{"id":"https://openalex.org/I76130692","display_name":"Zhejiang University","ror":"https://ror.org/00a2xv884","country_code":"CN","type":"education","lineage":["https://openalex.org/I76130692"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Huaigang Long","raw_affiliation_strings":["School of Economics, Zhejiang University, No. 38, Zheda Road, Xihu District, Hangzhou City 310027, Zhejiang Prov, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Economics, Zhejiang University, No. 38, Zheda Road, Xihu District, Hangzhou City 310027, Zhejiang Prov, China","institution_ids":["https://openalex.org/I76130692"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5022019164","display_name":"Dariusz Zawadka","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I12379730","display_name":"Pozna\u0144 University of Economics and Business","ror":"https://ror.org/0532c1x92","country_code":"PL","type":"education","lineage":["https://openalex.org/I12379730"]}],"countries":["PL"],"is_corresponding":false,"raw_author_name":"Dariusz Zawadka","raw_affiliation_strings":["Department of Investment and Capital Markets, Institute of Finance, Poznan University of Economics and Business, al. Niepodleg\u0142o\u015bci 10, 61-875 Poznan, Poland"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Investment and Capital Markets, Institute of Finance, Poznan University of Economics and Business, al. Niepodleg\u0142o\u015bci 10, 61-875 Poznan, Poland","institution_ids":["https://openalex.org/I12379730"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5087645788"],"corresponding_institution_ids":["https://openalex.org/I76130692"],"apc_list":{"value":1980,"currency":"USD","value_usd":1980},"apc_paid":null,"fwci":3.2412,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.92396426,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"61","issue":null,"first_page":"101329","last_page":"101329"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9994999766349792,"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":0.9994999766349792,"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":0.0,"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/T10019","display_name":"Corporate Finance and Governance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/business-confidence","display_name":"business confidence","score":0.9909999966621399},{"id":"https://openalex.org/keywords/managerial-sentiment","display_name":"managerial sentiment","score":0.9110000133514404},{"id":"https://openalex.org/keywords/cross-section-of-stock-returns","display_name":"cross-section of stock returns","score":0.7689999938011169},{"id":"https://openalex.org/keywords/international-stock-markets","display_name":"international stock markets","score":0.6169999837875366},{"id":"https://openalex.org/keywords/limits-to-arbitrage","display_name":"limits to arbitrage","score":0.9350000023841858},{"id":"https://openalex.org/keywords/collectivism","display_name":"collectivism","score":0.6380000114440918},{"id":"https://openalex.org/keywords/national-culture","display_name":"national culture","score":0.7129999995231628},{"id":"https://openalex.org/keywords/overpricing","display_name":"overpricing","score":0.5289999842643738},{"id":"https://openalex.org/keywords/behavioral-finance","display_name":"behavioral finance","score":0.6069999933242798}],"concepts":[{"id":"https://openalex.org/C160623529","wikidata":"https://www.wikidata.org/wiki/Q273088","display_name":"Arbitrage","level":2,"score":0.6484385132789612},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.6371961236000061},{"id":"https://openalex.org/C2781410264","wikidata":"https://www.wikidata.org/wiki/Q440364","display_name":"Market sentiment","level":2,"score":0.5608707070350647},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5570321679115295},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.510978102684021},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.5064493417739868},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.48328331112861633},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.44364678859710693},{"id":"https://openalex.org/C109574028","wikidata":"https://www.wikidata.org/wiki/Q647525","display_name":"Behavioral economics","level":2,"score":0.41415613889694214},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.38296636939048767},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1910640299320221},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1016/j.pacfin.2020.101329","doi":"https://doi.org/10.1016/j.pacfin.2020.101329","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.pacfin.2020.101329","pdf_url":null,"source":{"id":"https://openalex.org/S29049940","display_name":"Pacific-Basin Finance Journal","issn_l":"0927-538X","issn":["0927-538X","1879-0585"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Pacific-Basin Finance Journal","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:pacfin:v:61:y:2020:i:c:s0927538x20301554","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0927538X20301554","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":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320321543","display_name":"China Postdoctoral Science Foundation","ror":"https://ror.org/0426zh255"},{"id":"https://openalex.org/F4320322511","display_name":"Narodowe Centrum Nauki","ror":"https://ror.org/03ha2q922"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":97,"referenced_works":["https://openalex.org/W399935308","https://openalex.org/W1463637956","https://openalex.org/W1482972396","https://openalex.org/W1506433682","https://openalex.org/W1511548726","https://openalex.org/W1515837149","https://openalex.org/W1547792592","https://openalex.org/W1560849420","https://openalex.org/W1967053015","https://openalex.org/W1970063768","https://openalex.org/W1971730033","https://openalex.org/W1995834279","https://openalex.org/W1997902704","https://openalex.org/W2000169701","https://openalex.org/W2007643681","https://openalex.org/W2029056003","https://openalex.org/W2036764622","https://openalex.org/W2056209331","https://openalex.org/W2056951761","https://openalex.org/W2064563758","https://openalex.org/W2073813800","https://openalex.org/W2081998430","https://openalex.org/W2093239045","https://openalex.org/W2099227715","https://openalex.org/W2101620928","https://openalex.org/W2104795328","https://openalex.org/W2109767864","https://openalex.org/W2117178635","https://openalex.org/W2119817456","https://openalex.org/W2122252807","https://openalex.org/W2127366658","https://openalex.org/W2128342851","https://openalex.org/W2128776256","https://openalex.org/W2128846462","https://openalex.org/W2134183765","https://openalex.org/W2136120210","https://openalex.org/W2140918013","https://openalex.org/W2148941225","https://openalex.org/W2151306296","https://openalex.org/W2152787942","https://openalex.org/W2166215547","https://openalex.org/W2166513723","https://openalex.org/W2170433190","https://openalex.org/W2196996750","https://openalex.org/W2268033007","https://openalex.org/W2272300724","https://openalex.org/W2275684851","https://openalex.org/W2320868325","https://openalex.org/W2462148148","https://openalex.org/W2468468780","https://openalex.org/W2588113285","https://openalex.org/W2606362422","https://openalex.org/W2761096802","https://openalex.org/W2763930294","https://openalex.org/W2769624058","https://openalex.org/W2890844091","https://openalex.org/W2892285611","https://openalex.org/W2943244054","https://openalex.org/W2947835085","https://openalex.org/W2954835378","https://openalex.org/W2981327327","https://openalex.org/W3023906401","https://openalex.org/W3094633476","https://openalex.org/W3121136258","https://openalex.org/W3121222283","https://openalex.org/W3121285187","https://openalex.org/W3121315787","https://openalex.org/W3121409256","https://openalex.org/W3121467893","https://openalex.org/W3121764760","https://openalex.org/W3121826859","https://openalex.org/W3121860914","https://openalex.org/W3122183745","https://openalex.org/W3122268379","https://openalex.org/W3122417402","https://openalex.org/W3122566196","https://openalex.org/W3122578644","https://openalex.org/W3122776771","https://openalex.org/W3122829783","https://openalex.org/W3122930121","https://openalex.org/W3122998758","https://openalex.org/W3123639445","https://openalex.org/W3123785587","https://openalex.org/W3123834602","https://openalex.org/W3124069692","https://openalex.org/W3124228043","https://openalex.org/W3124300428","https://openalex.org/W3124956233","https://openalex.org/W3124986135","https://openalex.org/W3125014708","https://openalex.org/W3125538792","https://openalex.org/W3125667802","https://openalex.org/W3125891473","https://openalex.org/W4211168477","https://openalex.org/W4245022299","https://openalex.org/W4300768719","https://openalex.org/W6682581342"],"related_works":["https://openalex.org/W3172002616","https://openalex.org/W4391880970","https://openalex.org/W3123834602","https://openalex.org/W7166869610","https://openalex.org/W7097227071","https://openalex.org/W3045240358","https://openalex.org/W7123354880","https://openalex.org/W2057492219","https://openalex.org/W7168391056","https://openalex.org/W1482972396"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":2}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2020-04-17T00:00:00"}