03051nam 2200577 a 450 991078755660332120230803031152.03-95489-556-0(CKB)2670000000406242(EBL)1324050(OCoLC)854977222(SSID)ssj0001156932(PQKBManifestationID)11761730(PQKBTitleCode)TC0001156932(PQKBWorkID)11200845(PQKB)10090377(MiAaPQ)EBC1324050(EXLCZ)99267000000040624220130729d2013 uy 0engur|n|---|||||txtccrThe effect of weather on stock returns[electronic resource] a comparison between emerging and developed markets /Irina ProdanHamburg Anchor Academic Pub.20131 online resource (55 p.)Compact"Disseminate knowledge"--Cover.Original title of the thesis: Is there a difference in the weather effect between developed and emerging markets : a comparison between around the world.3-95489-056-9 Includes bibliographical references.The effect of weather on stock returns: A comparison between emerging and developed markets; Abstract; Table of contents; 1. Introduction; 2. Literature review; 2.1. Weather, mood and decision making behavior; 2.2. Weather and the stock market; 2.3. Two decades of weather effect literature: a lack of consensus; 3. Data description; 3.1. Data collection; 3.2. Data analysis; 4. Methodology and results; 4.1. City-by-city tests; 4.2. Joint tests; 4.2.1. Pooled least squares regression; 4.2.2. Binary regression; 5. Robustness check; 5.1. City-by-city tests; 5.2. Joint tests5.2.1 Pooled least squares regression5.2.2. Binary regression; 6. Potential explanations; 7. Conclusion; 8. References; 9. AppendixHauptbeschreibung One renowned and frequently researched anomaly over the last two decades is the weather effect, more precisely, the impact of weather on stock market returns. The extensive literature on the weather effect fails to converge towards a unique, systematic and robust relationship between the weather, and the stock market. Therefore, the aim of this paper is to explain the contradictory results in the literature by testing whether stock prices are affected by the weather in a significantly different manner depending on the level of market development, and explaining how this diffeStocksPricesStock exchangesSpeculationStocksPrices.Stock exchanges.Speculation.332.64332.645Prodan Irina1516908MiAaPQMiAaPQMiAaPQBOOK9910787556603321The effect of weather on stock returns3753627UNINA