날씨가 KOSPI지수 수익률에 미치는 영향에 관한 실증연구

Abstract

This paper examines the relationship between weather and the daily stock returns of the KOSPI index. Psychological evidence and casual intuition predict that weather is associated with mood. The condition of feeling gives an effect to investment. Weather and sunshine give many effects in feeling of the people in the element which effect to the feeling of the person. To determine if weather has affected we use temperature, a sky cover and humidity. Analysis is conducted to find any statistically significant relationship between weather as measured by temperature, sky cover, humidity and the daily stock returns of the KOSPI index.