Abstract:Among determinants of wine spot prices, the weather is one of the most influential factors. Previous studies have confirmed the spot price of fine wine is correlated with some weather variables, such as the air temperature. Also, much research illustrates some weather conditions are related to the stock market. In this paper, we focus on the correlation between some weather variables as main determinants of wine prices and the stock returns of wine companies which are listed on NYSE. We have several conclusion… Show more
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