Weather Effects in Transition
AbstractThis paper tests whether weather affects stock returns in the transition countries of Central and Eastern Europe and the CIS. In these countries, reliable information about the fundamentals of stocks is scarce, and hence the ‘mood’ of investors is more likely to play an important role in investment decisions. Nevertheless, our results suggest that there is little evidence of a systematic effect of weather variables on stock markets in these countries.
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Bibliographic InfoPaper provided by Kyiv School of Economics in its series Discussion Papers with number 36.
Date of creation: Dec 2010
Date of revision:
Note: Submitted to Emerging Markets Review
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weather effects; transition countries;
Find related papers by JEL classification:
- G1 - Financial Economics - - General Financial Markets
- P2 - Economic Systems - - Socialist Systems and Transition Economies
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