岭南学术论坛-金融学系列Seminar-Physiology, Psychology, and Stock Market Performance: Evidence from Sleeplessness and Distraction in the World Cup
第492期岭南学术论坛(金融学系列Seminar)
报告题目:Physiology, Psychology, and Stock Market Performance: Evidence from Sleeplessness and Distraction in the World Cup
报 告 人:才静涵(University of Scranton, USA 助理教授)
主 持 人:周开国(中山大学岭南学院,教授)
时 间: 2018年6月1日(周五)下午16:10-17:40
地 点: 岭南堂汪道涵会议室
语 言: 中文+英文
Abstract:
We explore how investors’ physiological and psychological statuses affect stock market performance. Specifically, we study the impact of one physiological factor, sleeplessness due to watching World Cup games overnight, and two psychological factors, distraction from games during trading hours and mood changes due to wins and losses of the games. We uncover significantly negative effects of sleeplessness and distraction on stock returns, and the effects are stronger for countries with better soccer game records. While we find a market decline after soccer losses as documented in existing literature, it is weakened after considering sleeplessness and distraction.
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中山大学岭南学术论坛分经济、金融和管理三个系列,是定期邀请国内外优秀学者前来开展学术交流的平台。每系列每个月定期举办2-3次。目前已经成功举办多期,并得到了各界的高度评价。