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Sponsored Artificial Intelligence: A Modern Approach, Global Edition Artificial Intelligence: A Modern Approach, Global Edition

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Hadi Ahmad Sukardi

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Open access Sep 2026

Moderating Effect of Foreign Capital Flow on Investor Sentiment and Stock Returns in ASEAN

Background: ASEAN capital markets exhibit persistent return volatility that is inconsistent with macroeconomic fundamentals, suggesting the influence of behavioral and structural factors beyond the Efficient Market Hypothesis (EMH). Objective: This study examines the direct effect of investor sentiment on stock returns...

Hadi Ahmad Sukardi, Nugraha Nugraha, Toni Heryana et al. · 0 citations

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