Does mood affect trading behavior?

被引：41
|
作者：
Kaustia, Markku [1 ]
Rantapuska, Elias [1 ]
机构：
[1] Aalto Univ, Sch Business, Dept Finance, POB 21210, Helsinki 00076, Finland
来源：
JOURNAL OF FINANCIAL MARKETS | 2016年 / 29卷
关键词：
Mood; Trading behavior; Weather; Seasonal affective disorder (SAD); Stock market; STOCK RETURNS; INVESTOR SENTIMENT; WEATHER; PERFORMANCE; PSYCHOLOGY; PATTERNS; LATITUDE; SUNSHINE; IMPACT; SHINE;
D O I：
10.1016/j.finmar.2015.08.001
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
The assumption that mood affects investors' behavior in the field is gaining acceptance due to experimental studies and papers linking stock returns with environmental variables, such as weather and length of day. To identify mood effects this paper utilizes account level stock trading data from all investors in Finland, a country with significant variation in weather and length of day. While some weather-related mood variables and calendar effects are individually significant, little of the day-to-day variation in trading is collectively explained by all such factors. In contrast, we find strong seasonal lower frequency patterns that seem connected to vacations. (C) 2015 Elsevier B.V. All rights reserved.
引用
收藏
页码：1 / 26
页数：26
相关论文
共 50 条
  • [31] Does lipid metabolism affect human behavior?
    不详
    FUTURE LIPIDOLOGY, 2006, 1 (04): : 382 - 382
  • [32] Does hunting affect the behavior of wild pigs?
    Keuling, Oliver
    Massei, Giovanna
    HUMAN-WILDLIFE INTERACTIONS, 2021, 15 (01): : 44 - 55
  • [33] Does listening to audiobooks affect gait behavior?
    Atakanova, Aisuluu
    Laurentius, Thea
    Bollheimer, Cornelius
    Hildebrand, Frank
    Siebers, Hannah Lena
    BMC SPORTS SCIENCE MEDICINE AND REHABILITATION, 2023, 15 (01)
  • [34] Does bank capital affect lending behavior?
    Gambacorta, L
    Mistrulli, PE
    JOURNAL OF FINANCIAL INTERMEDIATION, 2004, 13 (04) : 436 - 457
  • [35] Does Cultural Background Affect Volunteering Behavior?
    Randle, Melanie
    Dolnicar, Sara
    JOURNAL OF NONPROFIT & PUBLIC SECTOR MARKETING, 2009, 21 (02) : 225 - 247
  • [36] Does Earnings Quality Affect Information Asymmetry? Evidence from Trading Costs
    Bhattacharya, Nilabhra
    Desai, Hemang
    Venkataraman, Kumar
    CONTEMPORARY ACCOUNTING RESEARCH, 2013, 30 (02) : 482 - 516
  • [37] Does mandatory audit rotation affect insider trading? Evidence from China
    Xiao, He
    Xi, Jianqun
    Meng, Hanjie
    MANAGERIAL AUDITING JOURNAL, 2023, 38 (04) : 514 - 552
  • [38] Does CDS trading affect risk-taking incentives in managerial compensation?*
    Chen, Jie
    Leung, Woon Sau
    Song, Wei
    Avino, Davide
    JOURNAL OF BANKING & FINANCE, 2023, 151
  • [39] How does carbon emissions trading affect China's energy intensity?
    Zha, Donglan
    Xu, Ting
    Wang, Mei
    JOURNAL OF THE ASIA PACIFIC ECONOMY, 2024,
  • [40] Booming or sinking: How does an emission trading scheme affect enterprise value?
    Yanni He
    Yigang Wei
    Yiming Fang
    Yueyang Cao
    ChineseJournalofPopulation,ResourcesandEnvironment, 2022, (03) : 227 - 236
12345