---
title: "Investor sentiment research: papers and trends"
description: "From 2017 to 2026 (so far), the keyword “investor sentiment” appeared in 1,292 papers in the tracked journals, most of them in finance (957), economics (207) and management (39)."
url: https://scholar4ai.com/keywords/investor-sentiment
markdown_url: https://scholar4ai.com/keywords/investor-sentiment.md
license: CC BY-NC 4.0 (https://creativecommons.org/licenses/by-nc/4.0/)
share_text: "From 2017 to 2026 (so far), the keyword “investor sentiment” appeared in 1,292 papers in the tracked journals, most of them in finance (957), economics (207) and management (39). (as of 2026-11-04)"
data_url: https://scholar4ai.com/data/rankings.json
updated: 2026-11-04T18:03:26+09:00
window: 2026-10-06 to 2026-11-04
source: OpenAlex (CC0)
---

# Papers on “investor sentiment”

Research on “investor sentiment” in the 480 tracked journals: papers per year and category, the journals, institutions and countries publishing it, the keywords studied with it and its most-cited papers. It is not among the most frequent keywords of the last 30 days, so this page has no list of its latest papers.

Back to the ranking: https://scholar4ai.com/rankings/keywords.md

## Key findings

- From 2017 to 2026 (so far), the keyword “investor sentiment” appeared in 1,292 papers in the tracked journals, most of them in finance (957), economics (207) and management (39).
- 191 of them were published in 2025, against 56 in 2017.
- Since 2023, the institutions with the most of these papers were Central University of Finance and Economics (16), Southwestern University of Finance and Economics (16) and Hunan University (15).
- The journals publishing most of them were Finance research letters (100), International Review of Financial Analysis (59) and International Review of Economics & Finance (57).
- The most-cited of them is “Manager sentiment and stock returns” (Journal of Financial Economics, 2018), with 734 citations.

## Papers per year

*Papers per publication year and category*

| Category | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 (so far) |
|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|
| [Finance](https://scholar4ai.com/categories/finance.md) | 44 | 53 | 64 | 76 | 85 | 104 | 118 | 158 | 141 | 114 |
| [Economics](https://scholar4ai.com/categories/economics.md) | 10 | 11 | 14 | 21 | 18 | 26 | 23 | 30 | 30 | 24 |
| [Management](https://scholar4ai.com/categories/management.md) | 0 | 1 | 3 | 4 | 6 | 2 | 6 | 4 | 4 | 9 |
| [AI](https://scholar4ai.com/categories/ai.md) | 1 | 4 | 2 | 4 | 3 | 4 | 2 | 9 | 4 | 1 |
| [Accounting](https://scholar4ai.com/categories/accounting.md) | 1 | 0 | 0 | 0 | 2 | 1 | 3 | 4 | 6 | 1 |
| [Operations Research](https://scholar4ai.com/categories/operations-research.md) | 0 | 0 | 1 | 2 | 2 | 3 | 3 | 2 | 4 | 1 |
| [Information Systems](https://scholar4ai.com/categories/information-systems.md) | 0 | 1 | 1 | 1 | 2 | 1 | 3 | 2 | 1 | 1 |
| [Tourism and Hospitality](https://scholar4ai.com/categories/tourism-and-hospitality.md) | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 |
| [Marketing](https://scholar4ai.com/categories/marketing.md) | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| All categories | 56 | 71 | 86 | 109 | 118 | 141 | 158 | 210 | 191 | 152 |

## Where the papers come from

*Journals with the most papers, since 2023*

| # | Journal | Papers |
|---:|---|---:|
| 1 | [Finance research letters](https://scholar4ai.com/journals/finance-research-letters.md) | 100 |
| 2 | [International Review of Financial Analysis](https://scholar4ai.com/journals/international-review-of-financial-analysis.md) | 59 |
| 3 | [International Review of Economics & Finance](https://scholar4ai.com/journals/international-review-of-economics-finance.md) | 57 |
| 4 | [Research in International Business and Finance](https://scholar4ai.com/journals/research-in-international-business-and-finance.md) | 46 |
| 5 | [The North American Journal of Economics and Finance](https://scholar4ai.com/journals/the-north-american-journal-of-economics-and-finance.md) | 39 |
| 6 | [Pacific-Basin Finance Journal](https://scholar4ai.com/journals/pacific-basin-finance-journal.md) | 31 |
| 7 | [Journal of Behavioral and Experimental Finance](https://scholar4ai.com/journals/journal-of-behavioral-and-experimental-finance.md) | 30 |
| 8 | [Energy Economics](https://scholar4ai.com/journals/energy-economics.md) | 18 |
| 9 | [Journal of Banking & Finance](https://scholar4ai.com/journals/journal-of-banking-finance.md) | 18 |
| 10 | [Review of Quantitative Finance and Accounting](https://scholar4ai.com/journals/review-of-quantitative-finance-and-accounting.md) | 16 |

*Institutions with the most papers, since 2023*

| # | Institution | Papers |
|---:|---|---:|
| 1 | [Central University of Finance and Economics](https://scholar4ai.com/institutions/central-university-of-finance-and-economics.md) | 16 |
| 2 | [Southwestern University of Finance and Economics](https://scholar4ai.com/institutions/southwestern-university-of-finance-and-economics.md) | 16 |
| 3 | [Hunan University](https://scholar4ai.com/institutions/hunan-university.md) | 15 |
| 4 | [Xiamen University](https://scholar4ai.com/institutions/xiamen-university.md) | 15 |
| 5 | [Nanjing University of Science and Technology](https://scholar4ai.com/institutions/nanjing-university-of-science-and-technology.md) | 12 |
| 6 | [Nankai University](https://scholar4ai.com/institutions/nankai-university.md) | 12 |
| 7 | [Shandong University](https://scholar4ai.com/institutions/shandong-university.md) | 11 |
| 8 | [Tianjin University](https://scholar4ai.com/institutions/tianjin-university.md) | 11 |
| 9 | [Shenzhen University](https://scholar4ai.com/institutions/shenzhen-university.md) | 10 |
| 10 | [Sungkyunkwan University](https://scholar4ai.com/institutions/sungkyunkwan-university.md) | 10 |

*Countries with the most papers, since 2023*

| # | Country | Papers |
|---:|---|---:|
| 1 | China | 320 |
| 2 | United States | 97 |
| 3 | United Kingdom | 70 |
| 4 | Australia | 34 |
| 5 | France | 34 |
| 6 | South Korea | 33 |
| 7 | India | 29 |
| 8 | Italy | 29 |
| 9 | Turkey | 26 |
| 10 | Taiwan | 25 |

*Keywords with the most papers, since 2023*

| # | Keyword | Papers |
|---:|---|---:|
| 1 | [stock returns](https://scholar4ai.com/keywords/stock-returns.md) | 83 |
| 2 | [Chinese stock market](https://scholar4ai.com/keywords/chinese-stock-market.md) | 74 |
| 3 | [COVID-19 pandemic](https://scholar4ai.com/keywords/covid-19-pandemic.md) | 68 |
| 4 | behavioral finance | 61 |
| 5 | [Chinese listed companies](https://scholar4ai.com/keywords/chinese-listed-companies.md) | 39 |
| 6 | [retail investors](https://scholar4ai.com/keywords/retail-investors.md) | 37 |
| 7 | investor attention | 36 |
| 8 | cryptocurrency market | 35 |
| 9 | [Bitcoin](https://scholar4ai.com/keywords/bitcoin.md) | 33 |

## Most-cited papers

*Most-cited papers since 2017*

| # | Citations | Per month | Title | Journal | Published | Authors |
|---:|---:|---:|---|---|---|---|
| 1 | 734 | 7.6 | [Manager sentiment and stock returns](https://doi.org/10.1016/j.jfineco.2018.10.001) | [Journal of Financial Economics](https://scholar4ai.com/journals/journal-of-financial-economics.md) | 2018-10-12 | Fuwei Jiang, Joshua A. Lee, Xiumin Martin et al. |
| 2 | 505 | 6.2 | [Deaths, Panic, Lockdowns and US Equity Markets: The Case of COVID-19 Pandemic](https://doi.org/10.1016/j.frl.2020.101701) | [Finance research letters](https://scholar4ai.com/journals/finance-research-letters.md) | 2020-01-01 | Ahmed S. Baig, Hassan Anjum Butt, Omair Haroon et al. |
| 3 | 441 | 3.9 | [Intraday online investor sentiment and return patterns in the U.S. stock market](https://doi.org/10.1016/j.jbankfin.2017.07.002) | [Journal of Banking & Finance](https://scholar4ai.com/journals/journal-of-banking-finance.md) | 2017-07-12 | Thomas Renault |
| 4 | 436 | 5.1 | [Stock closing price prediction based on sentiment analysis and LSTM](https://doi.org/10.1007/s00521-019-04504-2) | [Neural Computing and Applications](https://scholar4ai.com/journals/neural-computing-and-applications.md) | 2019-09-19 | Zhigang Jin, Yang Yang, Yuhong Liu |
| 5 | 390 | 3.7 | [Big Data: Deep Learning for financial sentiment analysis](https://doi.org/10.1186/s40537-017-0111-6) | [Journal Of Big Data](https://scholar4ai.com/journals/journal-of-big-data.md) | 2018-01-25 | Sahar Sohangir, Dingding Wang, Anna Pomeranets et al. |

## Research ideas that follow this keyword

- [Financial sentiment beyond English](https://scholar4ai.com/ideas/financial-sentiment-beyond-english.md)

## Cite this page

Scholar4AI. (2026). Papers on “investor sentiment”. Journal and Conference Research Rankings. Retrieved November 4, 2026, from https://scholar4ai.com/keywords/investor-sentiment

```bibtex
@misc{scholar4ai-keywords-investor-sentiment,
  author = {{Scholar4AI}},
  title = {Papers on “investor sentiment”},
  year = {2026},
  howpublished = {\url{https://scholar4ai.com/keywords/investor-sentiment}},
  urldate = {2026-11-04},
  note = {Journal and Conference Research Rankings; data from OpenAlex (CC0); licensed CC BY-NC 4.0}
}
```

License: CC BY-NC 4.0 (https://creativecommons.org/licenses/by-nc/4.0/).