政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/72719

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 110944/141864 (78%)
Visitors : 48029645 Online Users : 626

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 財務管理學系 > 期刊論文 > Item 140.119/72719

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/72719

Title:	Weather and Intraday Patterns in Stock Returns and Trading Activity
Authors:	Chang, Shao-Chi;Chen, Sheng-Syan;Chou, Robin K.;Lin, Yueh-Hsiang 周冠男
Contributors:	財管系
Keywords:	Intraday return;Intraday trading activity;Weather;Sentiment
Date:	2008-09
Issue Date:	2015-01-08 18:03:36 (UTC+8)
Abstract:	We examine the relation between weather in New York City and intraday returns and trading patterns of NYSE stocks. While stock returns are found to be generally lower on cloudier days, cloud cover has a significant influence on stock returns only at the market open. There are significantly more seller-initiated trades when there is more cloud cover at the market open, which is consistent with the return results. Cloudy skies are associated with higher volatility and less market depth over the entire trading day. Finally, cloud cover is not significantly correlated with spread measures and turnover ratios. The findings overall suggest that weather has a significant influence on investors’ intraday trading behavior.
Relation:	Journal of Banking and Finance, 32(9), 1754-1766
Data Type:	article
Appears in Collections:	[財務管理學系] 期刊論文

Files in This Item:

File	Description	Size	Format
17541766.pdf		180Kb	Adobe PDF2	1320	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...