天气诱发情绪与股票收益自相关

IF 0.4 Q4 ECONOMICS Zagreb International Review of Economics & Business Pub Date : 2020-05-01 DOI:10.2478/zireb-2020-0002

A. Khanthavit

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引用次数: 0

摘要

情绪影响投资者的注意力、记忆力和处理信息的能力。不注意的投资者延迟了价格调整过程，从而导致资产回报的正自相关。在本研究中，我研究了1991年1月2日至2017年12月29日泰国证券交易所天气诱发情绪与股票收益自相关之间的关系。只有良好的情绪对回归自相关有显著贡献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Weather-Induced Moods and Stock-Return Autocorrelation

Abstract 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.

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来源期刊

Zagreb International Review of Economics & Business ECONOMICS-

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审稿时长

20 weeks