Abstract

This paper studies the relationship between changes in consumer sentiment and stock market returns in Ireland from January 1996 to June 2006. We argue that Irish consumers were highly influenced by movements in the stock market during this period because of their concerns for their stock-based compensation, their job security and their earnings. We find that the change in consumer sentiment and stock returns were related during this time, and that movements in the stock market impacted on consumer sentiment.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.