Effect of Ap-Index of Geomagnetic Activity on S&P 500 Stock Market Return
Joint Authors
Peng, Lifang
Li, Ning
Pan, Jingwen
Source
Issue
Vol. 2019, Issue 2019 (31 Dec. 2019), pp.1-8, 8 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2019-07-14
Country of Publication
Egypt
No. of Pages
8
Main Subjects
Abstract EN
Geomagnetic activity with global influence is an essential object of space weather research and is a significant link in the section of the solar wind-magnetospheric coupling process.
Research so far provides strong evidence that geomagnetic activity affects stock investment decisions by influencing human health, mood, and human behaviours.
Therefore, this research investigates the empirical association between geomagnetic activity and stock market return.
Overall, we find that geomagnetic activity exerts a negative influence on the return of the US stock market.
Further, market liquidity effectively magnifies the effect of geomagnetic activity.
Inconsistent with previous literature, this effect is not mainly caused by the semiannual variation of geomagnetic activity.
Our research contributes to the introduction of geomagnetic indices to financial economics studies on the impact of geomagnetic activity influence on stock market return.
American Psychological Association (APA)
Peng, Lifang& Li, Ning& Pan, Jingwen. 2019. Effect of Ap-Index of Geomagnetic Activity on S&P 500 Stock Market Return. Advances in Astronomy،Vol. 2019, no. 2019, pp.1-8.
https://search.emarefa.net/detail/BIM-1114371
Modern Language Association (MLA)
Peng, Lifang…[et al.]. Effect of Ap-Index of Geomagnetic Activity on S&P 500 Stock Market Return. Advances in Astronomy No. 2019 (2019), pp.1-8.
https://search.emarefa.net/detail/BIM-1114371
American Medical Association (AMA)
Peng, Lifang& Li, Ning& Pan, Jingwen. Effect of Ap-Index of Geomagnetic Activity on S&P 500 Stock Market Return. Advances in Astronomy. 2019. Vol. 2019, no. 2019, pp.1-8.
https://search.emarefa.net/detail/BIM-1114371
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1114371