Izvorni znanstveni članak
https://doi.org/10.2478/zireb-2020-0002
Weather-Induced Moods and Stock-Return Autocorrelation
Anya Khanthavit
; Faculty of Commerce and Accountancy, Thammasat University, Bangkok, Thailand.
Sažetak
Moods affect investors’ attention, memory, and capacity to process information. Inattentive investors delay the price adjustment process, thus leading to a positive autocorrelation of asset returns. In this study, I investigate the relationship between weather-induced moods and stock-return autocorrelation in the Stock Exchange of Thailand from January 2, 1991, to December 29, 2017. Only good moods contribute significantly to return autocorrelation.
Ključne riječi
information processing; moods; limited attention; return autocorrelation; weather effects
Hrčak ID:
238297
URI
Datum izdavanja:
27.5.2020.
Posjeta: 771 *