TY - JOUR PY - 1997// TI - Stocks and the weather: An exercise in data mining or yet another capital market anomaly? JO - Empirical economics A1 - Krämer, Walter A1 - Runde, Ralf SP - 637 EP - 641 VL - 22 IS - 4 N2 - We try to replicate the findings in Saunders (1993) that stock prices are "systematically affected by local weather". Using German data, we find that whether or not the null hypothesis of no relationship can be rejected depends mostly on the way the null hypothesis is phrased, and that no systematic relationship seems to exist.

Language: en

LA - en SN - 0377-7332 UR - http://dx.doi.org/10.1007/BF01205784 ID - ref1 ER -