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Investors’ Happiness and Stock Market

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  • Mohammad K. Elshqirat

Abstract

Investor feelings can affect their investing behavior in the market which may impact the stocks prices and volatility. Investor’s happiness represents a very important feeling that can affect investing behavior. The main question here is whether the launching of a country wide happiness program can affect the investors’ behavior in the stock market and consequently the prices and volatility of stocks. The methodology followed to answer this question was a quantitative methodology using data from the stock market of United Arab Emirates for the years 2015 – 2017 and information about the country’s “national program for happiness and wellbeing” that was started in 2016. Data were analyzed using paired t-test and descriptive statistics. Results revealed that happiness can affect the volatility of stock prices but not the returns of stocks in the market.

Suggested Citation

  • Mohammad K. Elshqirat, 2024. "Investors’ Happiness and Stock Market," International Business Research, Canadian Center of Science and Education, vol. 17(2), pages 1-23, April.
    • Handle: RePEc:ibn:ibrjnl:v:17:y:2024:i:2:p:23
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    References listed on IDEAS

    as
    1. Saurabh, Samant & Dey, Kushankur, 2020. "Unraveling the relationship between social moods and the stock market: Evidence from the United Kingdom," Journal of Behavioral and Experimental Finance, Elsevier, vol. 26(C).
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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