Does the Stock Market Influence Investor Everyday Decisions? The Case of Parking Violations

Research Output

We explore in this study whether stock market returns influence investor decisions in their everyday life. We find that past and contemporaneous US stock market returns are related negatively to the registered number of parking violations in New York City between 2014 and 2020. We support as the channel of this relationship the level of investor anxiety. These results support extensions of the utility theory demonstrating the significance of emotions on individuals’ decisions. Overall, this study shows evidence of the societal impact of finance.

Type:

Article
Date:

22 April 2022
Publication Status:

Published
DOI:

10.1016/j.irfa.2022.102164
ISSN:

1057-5219
Funders:

Edinburgh Napier Funded

http://researchrepository.napier.ac.uk/output/2865554 Siganos, A. (2022). Does the Stock Market Influence Investor Everyday Decisions? The Case of Parking Violations. International Review of Financial Analysis, 82, Article 102164. https://doi.org/10.1016/j.irfa.2022.102164

Citation

Siganos, A. (2022). Does the Stock Market Influence Investor Everyday Decisions? The Case of Parking Violations. International Review of Financial Analysis, 82, Article 102164. https://doi.org/10.1016/j.irfa.2022.102164