Corpus ID: 167354940

Stock market returns and the temperature effect: Thailand

@inproceedings{Sriboonchitta2011StockMR,
  title={Stock market returns and the temperature effect: Thailand},
  author={Songsak Sriboonchitta and Prasert Chitip and Thanes Sriwichailamphan and Chukiat Chaiboonsri},
  year={2011}
}
  • Songsak Sriboonchitta, Prasert Chitip, +1 author Chukiat Chaiboonsri
  • Published 2011
  • Business
  • This research focus on investigation of the relationship between stock market returns and temperature. Research in behavioral finance shows that lower temperature can lead to aggression, while higher temperature can lead to both apathy and aggression. This research considers daily financial and temperature data of Thailand. Both a Autoregressive (AR(p))-Generalized Autoregressive Conditional Heteroscedasticity (GARCH (p,q). Based on AR(1)-GARCH(1,1) estimation found that a negative relationship… CONTINUE READING

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