TAILIEUCHUNG - Weather, mood and stock market returns in Argentina

The paper examines the relationship between weather and stock market returns in the Argentina’s stock market using daily data from 2001 to 2014 and regression models. The data consists of stock market returns, temperature, humidity and wind. | http afr. Accounting and Finance Research Vol. 7 No. 4 2018 Weather Mood and Stock Market Returns in Argentina Bakri Abdul Karim1 Muhammad Hafiz Mohd Shukri1 Sharon Tay Chyu Yuin1 1 Faculty of Economics and Business Universiti Malaysia Sarawak UNIMAS Kota Samarahan Sarawak Malaysia. Correspondence Bakri Abdul Karim Faculty of Economics and Business Universiti Malaysia Sarawak UNIMAS . E-mail akbakri@ Received October 3 2018 Accepted November 14 2018 Online Published November 20 2018 doi URL https Abstract The paper examines the relationship between weather and stock market returns in the Argentina s stock market using daily data from 2001 to 2014 and regression models. The data consists of stock market returns temperature humidity and wind. The empirical findings show that all weather variables temperature humidity and wind have significant relationship with stock market returns in some of the trading days in the week. We also find evidence of the existence of day-of-week effect in the stock market. On average the highest return falls on Friday and lowest return falls on Monday. Temperature is considered very significant in influencing the stock market returns in Argentina. Our findings suggest that the stock market returns are higher when the temperature is higher. This phenomenon is related to the seasonal affective disorder SAD . We can conclude that stock market of Argentina is not informational efficient. The results have major implications for traders individual investors fund managers and financial institutions to make investment planning in the Argentina s stock market. Keywords weather investors mood stock returns Argentina 1. Introduction Psychologists have proven that sunlight affect people s moods thinking judgment and decision-making. There are numerous studies conducted on the impact of weather on mood and decision making. Chang et al. 2006 argued that weather is an important .

• Kế toán - Kiểm toán
• Investors’ mood
• Stock returns
• Argentina’s stock market
• Regression models
• Stock market returns
• Doctoral thesis summary
• The effects of holiday
• The return of Vietnam stock market
• Linking investors mood theory
• Decision on stock investmen
• Investor sentiment
• Principal component analysis
• Market states
• Stock returns in Taiwan’s stock market
• Oil price shocks
• G7 stock markets
• Oil price and stock market
• US stock market returns
• Market sentiment
• Behavioral finance
• Vietnam stock market
• Impact of stock market liquidity on herding behaviour
• Stock market liquidity on herding behaviour
• Comparative study of conglomerate
• Consumer goods sectors
• Stock market liquidity
• Nigerian stock market
• Average monthly returns
• Fama and French three factor model
• Book to market equity
• Market risk
• The Vietnamese stock market
• Market risk premium
• Stock market volatilities
• Exchange rates
• Financial markets
• Granger causality block exogeneity wald test
• Variance decomposition analysis
• Day of the week
• Zimbabwe stock exchange
• Efficient market hypothesis
• Overall stock market returns
• Establish whether returns
• Dynamic co movements between
• Dynamic co movements between oil
• Case of GCC countries
• Oil price
• Generalized hyperbolic distribution
• GARCH model
• Chinese stock market returns
• New evidences
• Crude oil
• Exchange rate
• CO integration
• Variance decomposition
• Coronavirus disease
• Social network
• Tourism sector
• Stock market response
• Social network volume of COVID 19
• Subprime crisis
• Spatial dominance
• Stochastic dominance
• Expected utility
• Indian stock markets
• BSE several statistical tests
• Stock Volatility in Top Industries
• He modelling of stock market volatility
• Measure of risk
• Macroeconomic variables
• Equity returns
• Macro series announcement
• Return volatility
• Tunisian financial market
• Oil volatility
• Oil import price
• Stock market volatility
• Conditional mean
• Conditional variances
• Simultaneous equations model
• Trading volume
• Emerging stock market
• Price volume relationship
• Granger causality tests
• Oil prices
• Long run association of oil prices
• Stock market index in Indonesia
• Oil crude oil prices
• Crude oil prices
• Idiosyncratic momentum
• Price momentum
• Crash risk
• Income diversification
• Joint stock commercial bank
• Bank returns
• Risk adjusted
• Stock market operations
• Asian stock markets
• BSE Sensex
• Nikkei 225 index
• Taiex index
• Hang Seng index
• Singapore strait times index
• Shanghai composite index
• Factors Driving
• Market Opportunities
• Hepatitis C
• Non Injecting Drug
• City Neighborhoods
• Isolator System
• Beating the Market
• S&P 500
• Exchange Traded Funds
• U
• stock performances
• Quite user friendly
• Securities and Exchange Commission
• Dysfunctions
• Changed America
• Breast Cancer Epidemic
• Consequences of Condomization
• Transmission
• Diagnosis and Therapies
• Oil price fluctuations
• Interest rate