FACTORS EFFECTING MARKET ACTIVITIES THAT LEADS TO INVESTOR'S OVERCONFIDENCE: PAKISTAN STOCK EXCHANGE CASE

被引：0
作者：
Qureshi, Fareeha Javed [1 ]
Ertugrul, Murat [2 ]
机构：
[1] Anadolu Univ, Grad Sch Social Sci, Eskisehir, Turkey
[2] Anadolu Univ, Fac Econ & Adm Sci, Eskisehir, Turkey
来源：
ECONOMIC AND SOCIAL DEVELOPMENT (ESD 2018): 36TH INTERNATIONAL SCIENTIFIC CONFERENCE ON ECONOMIC AND SOCIAL DEVELOPMENT - "BUILDING RESILIENT SOCIETY" | 2018年
关键词：
Behavioural finance; weather effect; investors' overconfidence; market turnover; stock markets; WEATHER; RETURNS; MOOD;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The purpose of the research is to review the results of study conducted in 2008 that claim to investigate the relationship of investors' happy sentiment and overconfidence effect. Cloud coverage, temperature and temperature change, former returns, and short term loan 1 change rate are used as proxies for happy sentiment. Data from Pakistan stock exchange and Metrological department is collected to check the Relation. The happy sentiment index is divided into two categories: "natural environment happiness" and "investment atmosphere happiness." The results suggest that short term loan rates, Previous day turnover and previous day activities have significant low effect on investment overconfidence of investor so trading activities are affected. Natural environment factors have less impact while investment atmosphere happiness has moderately high effect on market activities of investors.
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页码：264 / 272
页数：9
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