碩士 / 中國文化大學 / 國際企業管理學系碩士在職專班 / 102 / As behavioral finance becomes one of the mainstream financial researches, the re-lationship between investor sentiment and investment behavior has attracted much at-tention from financial economists. During last two decades, several studies have at-tempted to link stock returns and economically neural variables, and investigated varia-bles include cloud cover, daylight savings time changes and lunar cycle.
The main purpose of this study was to explore an investigation on the weather ef-fects on China stock market. We choose temperature, humidity, precipitation and visi-bility cover as proxy variables of sentiment and apply bin test, the OLS model and Logit model to examine how these variables can affect stock returns. The result show that climate have a negative correlation with stock return. It also suggests that climate chang would influence our emotion and our thought which may be in relation with our deci-sion-making with respect to investments in the stock market.
| Identifer | oai:union.ndltd.org:TW/102PCCU1321020 |
| Date | January 2014 |
| Creators | Yang Jen Hung, 楊仁宏 |
| Contributors | Shih Kuang Hsun, 施光訓 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 39 |
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