English  |  正體中文  |  简体中文  |  Items with full text/Total items : 52052/87180 (60%)
Visitors : 8897977      Online Users : 352
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/50696

    Title: The Effects of Sunshine-Induced Mood on Bank lending Decisions and Default Risk: An Option-Pricing Model
    Authors: 林志娟;Lin, Jyh-Jiuan;林志鴻;Lin, Jyh-horng;周繼儒;Jou, Rosemary
    Contributors: 淡江大學統計學系;淡江大學國際貿易學系;淡江大學管理科學學系
    Keywords: default risk;fat tails;sunny weather;upbeat mood
    Date: 2009-06
    Issue Date: 2010-08-10 15:14:27 (UTC+8)
    Publisher: Athens: World Scientific and Engineering Academy and Society (WSEAS)
    Abstract: Even though psychological evidence and casual intuition predict that weather may lead to changes in equity returns, little attention has been paid to these changes through asset pricing mechanisms. This paper fills this gap by examining the effects of sunny weather enhanced upbeat mood on bank spread management and default risk. An option-based model of bank spread behavior is developed to study these closely related phenomena. The model is designed to indicate the fat tails of loan repayments caused by mood effects induced by good weather. With the good mood influences on bank lending, this paper shows that sunshine is negatively correlated with the default risk in equity returns.
    Relation: WSEAS Transactions on Information Science and Applications 6(6), pp.946-955
    Appears in Collections:[Graduate Institute & Department of International Business] Journal Article

    Files in This Item:

    File SizeFormat
    1790-0832_6(6)p946-955.pdf417KbAdobe PDF33View/Open

    All items in 機構典藏 are protected by copyright, with all rights reserved.

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - Feedback