The Construction of an Investor Sentiment Index for Sweden and its Impact on the Stock Market
Investor sentiment is an important research object in behavioral finance, and its analysis has been one of the hot topics in stock market research recently. As an abstract concept, investor sentiment needs to be visualized by the construction of the investor sentiment index. In 2006, Baker and Wurgler proposed the Baker & Wurgler (BW) index, which can reflect investor sentiment in the American