LEADER 03085nam 2200589 a 450 001 9910511802503321 005 20170822105102.0 010 $a3-95489-556-0 035 $a(CKB)2670000000406242 035 $a(EBL)1324050 035 $a(OCoLC)854977222 035 $a(SSID)ssj0001156932 035 $a(PQKBManifestationID)11761730 035 $a(PQKBTitleCode)TC0001156932 035 $a(PQKBWorkID)11200845 035 $a(PQKB)10090377 035 $a(MiAaPQ)EBC1324050 035 $a(EXLCZ)992670000000406242 100 $a20130729d2013 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe effect of weather on stock returns$b[electronic resource] $ea comparison between emerging and developed markets /$fIrina Prodan 210 $aHamburg $cAnchor Academic Pub.$d2013 215 $a1 online resource (55 p.) 225 0$aCompact 300 $a"Disseminate knowledge"--Cover. 300 $aOriginal title of the thesis: Is there a difference in the weather effect between developed and emerging markets : a comparison between around the world. 311 $a3-95489-056-9 320 $aIncludes bibliographical references. 327 $aThe 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 tests 327 $a5.2.1 Pooled least squares regression5.2.2. Binary regression; 6. Potential explanations; 7. Conclusion; 8. References; 9. Appendix 330 $aHauptbeschreibung 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 diffe 606 $aStocks$xPrices 606 $aStock exchanges 606 $aSpeculation 608 $aElectronic books. 615 0$aStocks$xPrices. 615 0$aStock exchanges. 615 0$aSpeculation. 676 $a332.64 676 $a332.645 700 $aProdan$b Irina$01068663 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910511802503321 996 $aThe effect of weather on stock returns$92553645 997 $aUNINA