Scandinavian Working Papers in Economics
UiS Working Papers in Economics and Finance,
University of Stavanger
No 2016/12: Oslo Stock Exchange and the Weather
Bernt Arne Odegaard ()
Additional contact information
Bernt Arne Odegaard: UiS, Postal: University of Stavanger, NO-4036 Stavanger, Norway
Abstract: We investigate empirical links between the Oslo Stock Exchange (OSE) and the weather, asking whether daily returns on the market, or market trading activity, seems to be related to the weather. We find a positive correlation between the OSE and two measures of ``bad weather'': clouds and windchill. High windchill is also associated with low market liquidity.
Keywords: Weather; Stock Returns; Oslo Stock Exchange; Behavioral Finance
JEL-codes: G14
22 pages, October 30, 2016
Full text files
uis_wps_2016_12_odegaard.pdf
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