Does tropical weather condition affect investor behaviour? Case of indonesian stock market
Several studies have been employed to discuss the link between weather and market returns. However, our research is different in three ways. We employed in tropical country, added extreme condition, and covering the entire Indonesia weather proportionally. This paper revisits the weather-induced moo...
| Main Authors: | , , |
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| Format: | Article |
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Inderscience Enterprises Ltd.
2015
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| Online Access: | http://ir.unimas.my/id/eprint/12708/ |
| _version_ | 1848837256606908416 |
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| author | Brahmana, R.K. Hooy, C-W. Ahmad, Z. |
| author_facet | Brahmana, R.K. Hooy, C-W. Ahmad, Z. |
| author_sort | Brahmana, R.K. |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | Several studies have been employed to discuss the link between weather and market returns. However, our research is different in three ways. We employed in tropical country, added extreme condition, and covering the entire Indonesia weather proportionally. This paper revisits the weather-induced moods effect on economic behaviour and found that weather condition, namely temperature level, and clouds cover has no influences on market returns and trading volume over period from 1999 to 2012. This research does not find any evidence of a link between temperature and market return because the tropical situation in Indonesia. However, cloud cover has an effect on the market; implying a role of affection bias in investor behaviour. |
| first_indexed | 2025-11-15T06:36:46Z |
| format | Article |
| id | unimas-12708 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| last_indexed | 2025-11-15T06:36:46Z |
| publishDate | 2015 |
| publisher | Inderscience Enterprises Ltd. |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-127082016-07-28T03:10:29Z http://ir.unimas.my/id/eprint/12708/ Does tropical weather condition affect investor behaviour? Case of indonesian stock market Brahmana, R.K. Hooy, C-W. Ahmad, Z. GE Environmental Sciences HC Economic History and Conditions Several studies have been employed to discuss the link between weather and market returns. However, our research is different in three ways. We employed in tropical country, added extreme condition, and covering the entire Indonesia weather proportionally. This paper revisits the weather-induced moods effect on economic behaviour and found that weather condition, namely temperature level, and clouds cover has no influences on market returns and trading volume over period from 1999 to 2012. This research does not find any evidence of a link between temperature and market return because the tropical situation in Indonesia. However, cloud cover has an effect on the market; implying a role of affection bias in investor behaviour. Inderscience Enterprises Ltd. 2015 Article PeerReviewed Brahmana, R.K. and Hooy, C-W. and Ahmad, Z. (2015) Does tropical weather condition affect investor behaviour? Case of indonesian stock market. Global Business and Economics Review, 17 (2). pp. 188-202. ISSN 1097-4954 https://www.scopus.com/record/display.uri?eid=2-s2.0-84926647991&origin=inward&txGid=0 DOI: 10.1504/GBER.2015.068566 |
| spellingShingle | GE Environmental Sciences HC Economic History and Conditions Brahmana, R.K. Hooy, C-W. Ahmad, Z. Does tropical weather condition affect investor behaviour? Case of indonesian stock market |
| title | Does tropical weather condition affect investor behaviour? Case of indonesian stock market |
| title_full | Does tropical weather condition affect investor behaviour? Case of indonesian stock market |
| title_fullStr | Does tropical weather condition affect investor behaviour? Case of indonesian stock market |
| title_full_unstemmed | Does tropical weather condition affect investor behaviour? Case of indonesian stock market |
| title_short | Does tropical weather condition affect investor behaviour? Case of indonesian stock market |
| title_sort | does tropical weather condition affect investor behaviour? case of indonesian stock market |
| topic | GE Environmental Sciences HC Economic History and Conditions |
| url | http://ir.unimas.my/id/eprint/12708/ http://ir.unimas.my/id/eprint/12708/ http://ir.unimas.my/id/eprint/12708/ |