| dc.contributor | 財管系 | |
| dc.creator (作者) | Chang, Shao-Chi;Chen, Sheng-Syan;Chou, Robin K.;Lin, Yueh-Hsiang | |
| dc.creator (作者) | 周冠男 | zh_TW |
| dc.date (日期) | 2008-09 | |
| dc.date.accessioned | 8-Jan-2015 18:03:36 (UTC+8) | - |
| dc.date.available | 8-Jan-2015 18:03:36 (UTC+8) | - |
| dc.date.issued (上傳時間) | 8-Jan-2015 18:03:36 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/72719 | - |
| dc.description.abstract (摘要) | 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. | |
| dc.format.extent | 184822 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Journal of Banking and Finance, 32(9), 1754-1766 | |
| dc.subject (關鍵詞) | Intraday return; Intraday trading activity; Weather; Sentiment | |
| dc.title (題名) | Weather and Intraday Patterns in Stock Returns and Trading Activity | |
| dc.type (資料類型) | article | en |
