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dc.creatorKaustia, Markku
dc.creatorRantapuska, Elias
dc.date.accessioned2021-09-28T09:15:39Z
dc.date.available2021-09-28T09:15:39Z
dc.date.issued2012-11-09
dc.identifier.urihttps://fif.hebis.de/xmlui/handle/123456789/2105
dc.description.abstractWe test whether investor mood affects trading with data on all stock market transactions in Finland, utilizing variation in daylight and local weather. We find some evidence that environmental mood variables (local weather, length of day, daylight saving and lunar phase) affect investors’ direction of trade and volume. The effect magnitudes are roughly comparable to those of classical seasonals, such as the Monday effect. The statistical significance of the mood variables is weak in many cases, however. Only very little of the day-to-day variation in trading is collectively explained by all mood variables and calendar effects, but lower frequency variation seems connected to holiday seasons.
dc.rightsAttribution-ShareAlike 4.0 International
dc.rights.urihttp://creativecommons.org/licenses/by-sa/4.0/
dc.subjectHousehold Finance
dc.titleDoes Mood Affect Trading Behavior?
dc.typeWorking Paper
dcterms.referenceshttps://fif.hebis.de/xmlui/handle/123456789/1409?FCSD
dc.source.filename4_SSRN-id2209665
dc.identifier.safeno4
dc.subject.keywordsmood
dc.subject.keywordsseasonal affective disorder (sad)
dc.subject.keywordsweather
dc.subject.keywordstrading behavior
dc.subject.keywordsstock market
dc.subject.jelD03
dc.subject.jelG11
dc.subject.jelG12
dc.subject.topic1negative
dc.subject.topic1explain
dc.subject.topic1equal
dc.subject.topic2correct
dc.subject.topic2refer
dc.subject.topic2area
dc.subject.topic3levy
dc.subject.topic3discuss
dc.subject.topic3seasonal
dc.subject.topic1nameTrading and Pricing
dc.subject.topic2nameFiscal Stability
dc.subject.topic3nameSaving and Borrowing
dc.identifier.doi10.2139/ssrn.2209665


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