Relationship between investor sentiment and Corporate investment activities on the stock market: Seeing from empirical Research

Abstract

Investor sentiment is a sentimental factor, so in existing empirical studies there exist many different methods to measure the depiction of investor sentiment. The methods of designing indicators to measure investor sentiment for the whole stock market, there are no separate studies for investors according to specific industries of the business. Existing empirical studies in other countries show that investor sentiment affects investment activities of enterprises by two ways: The path of The catering theory and the theoretical path Theory of optimism”. The research results are still different. Most scholars argue that the relationship between investor sentiment and firm's investment level is a positive relationship, but some scholars prove that investor sentiment is inversely related to investment activities of the business. Therefore, the article proposes more research directions for the research articles on investment activities of enterprises participating in the stock market of Vietnam.