Weather-Induced Moods and Stock-Return Autocorrelation

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.

Lingua:: Inglese

Frequenza di pubblicazione:: 2 volte all'anno
Argomenti della rivista:: Economia e business, Economia politica, Macroeconomia, Finanze pubbliche e teoria fiscale, Business management, Marketing, vednite, relazioni con il cliente, Managemente, organizzazione, corporate governance

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Weather-Induced Moods and Stock-Return Autocorrelation

Anya Khanthavit

Pubblicato online: 08 giu 2020

Pagine: 19 - 33

DOI: https://doi.org/10.2478/zireb-2020-0002

Parole chiaveinformation processing, moods, limited attention, return autocorrelation, weather effects

© 2020 Anya Khanthavit, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Parole chiave
information processing, moods, limited attention, return autocorrelation, weather effects