考察股票收益与投资者情绪的关系:天气模式的调节作用

IF 3 Q2 BUSINESS Vision-The Journal of Business Perspective Pub Date : 2023-07-26 DOI:10.1177/09722629231169108

M. R. Begam, M. Babu, M. M. Sulphey

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引用次数: 1

摘要

本研究考察了天气模式对股票收益与投资者情绪关系的调节作用。数据来自印度泰米尔纳德邦的386名投资者，使用结构化问卷。研究结果表明，天气模式对股票收益和投资者情绪之间的关联有积极影响。然而，我们发现股票收益对投资者情绪的直接影响并不显著。因此，通过在发展中国家背景下启发股票收益与投资者情绪之间的关系，本研究对投资者情绪的文献做出了宝贵的贡献。此外，从研究的发现来看，股票收益之间的关系需要考虑价格波动和保证金交易行为等结构。

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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Examining the Relationship Between Stock Returns and Investor Sentiments: The Moderating Effect of Weather Patterns

This study examines the moderating effect of weather patterns on the relationship between stock returns and investor sentiments. Data were collected from 386 investors using a structured questionnaire from Tamil Nadu, India. The findings showed that weather patterns positively impact the association between stock returns and investor sentiments. However, it was shown that the direct effects of stock returns on investor sentiments were found to be not significant. As a result, by enlightening the relationship between stock returns and investor sentiments in the context of the developing world, this research makes a valuable contribution to the literature on investor sentiments. Furthermore, from the finding of the study, the relationship between stock returns needs to consider the constructs such as price volatility and margin trading behaviour.

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来源期刊

Vision-The Journal of Business Perspective Multiple-

CiteScore

4.60

自引率

0.00%

发文量

121

期刊介绍： Vision-The Journal of Business Perspective is a quarterly peer-reviewed journal of the Management Development Institute, Gurgaon, India published by SAGE Publications. This journal contains papers in all functional areas of management, including economic and business environment. The journal is premised on creating influence on the academic as well as corporate thinkers. Vision-The Journal of Business Perspective is published in March, June, September and December every year. Its targeted readers are researchers, academics involved in research, and corporates with excellent professional backgrounds from India and other parts of the globe. Its contents have been often used as supportive course materials by the academics and corporate professionals. The journal has been providing opportunity for discussion and exchange of ideas across the widest spectrum of scholarly opinions to promote theoretical, empirical and comparative research on problems confronting the business world. Most of the contributors to this journal range from the outstanding and the well published to the upcoming young academics and corporate functionaries. The journal publishes theoretical as well as applied research works.