Author Archives: Danling Jiang

Weather, Institutional Investors, and Earnings News

By | May 13, 2021

There is a large amount of evidence that unpleasant weather conditions influence an individual’s psychological and physiological states associated with fatigue, anxiety, depression, and limited attention to work. Such psychological and physiological impacts on financial market participants carry important implications for understanding investor behavior and asset prices.  Saunders (1993) is the first to show that… Read More »