Consumer Sentiment Index and Stock Price: Industry Level Study with Korean data *

@inproceedings{Kim2011ConsumerSI,
  title={Consumer Sentiment Index and Stock Price: Industry Level Study with Korean data *},
  author={Seung-Nyeon Kim and Wankeun Oh},
  year={2011}
}
This paper analyses the relationship between movements in consumer sentiment index and industry level stock prices in Korea. In theory, both stock prices and consumer sentiment are considered as leading indicators of general economic conditions, but the causation between the two variables could go either way. In an empirical study with Korean data, Kim and Oh (2009) found that the general stock index returns Grangercause consumer sentiment, not vice versa. In this paper, we use industry level… CONTINUE READING