The Effect of Weather on Stock Returns A Comparison Between Emerging and Developed Markets is popular PDF and ePub book, written by Irina Prodan in 2013-05-23, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Effect of Weather on Stock Returns A Comparison Between Emerging and Developed Markets can be Read Online from any device for your convenience.
The Effect of Weather on Stock Returns A Comparison Between Emerging and Developed Markets Book PDF Summary
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 difference behaves over time. In order to test for this, city-by-city, pooled and binary regressions are employed using data of 10 developed, and 10 emerging countries over the period 1996-2011 by using two different means of seasonal adjustment.
Detail Book of The Effect of Weather on Stock Returns A Comparison Between Emerging and Developed Markets PDF
- Author : Irina Prodan
- Release : 23 May 2013
- Publisher : Anchor Academic Publishing (aap_verlag)
- ISBN : 9783954890569
- Genre : Business & Economics
- Total Page : 57 pages
- Language : English
- PDF File Size : 18,8 Mb
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