1
department of accounting, iranian institute, tehran, iran.
2
Department of Accounting, Iranian Institute, Tehran, Iran
Abstract
In recent decades, the frequency and intensity of extreme weather events have increased in many parts of the world, including our country, as a result of global warming. This study examines the impact of weather disasters on the stock market of Iran. A combination of accounting ratios and statistical tests are used to estimate the effects of extreme weather events on the stock market and index of different market groups. To achieve the purpose of the study, the time-series data of the period 2010-2024 have been used. The results showed that the negative impact of weather disasters on stock market returns and volatility is observed one day after the extreme weather events. This effect can be seen in most market groups. The insurance and pension group and the banks group are the most affected, while the basic metals group is the least affected by the studied weather events.
Einabadi,J. and Mousavi,S. M. S. (2024). Studying the financial effects of natural disasters caused by climate change on the Iranian stock market. Journal of Accounting and Management Vision, 7(89), 140-152.
MLA
Einabadi,J. , and Mousavi,S. M. S. . "Studying the financial effects of natural disasters caused by climate change on the Iranian stock market", Journal of Accounting and Management Vision, 7, 89, 2024, 140-152.
HARVARD
Einabadi J., Mousavi S. M. S. (2024). 'Studying the financial effects of natural disasters caused by climate change on the Iranian stock market', Journal of Accounting and Management Vision, 7(89), pp. 140-152.
CHICAGO
J. Einabadi and S. M. S. Mousavi, "Studying the financial effects of natural disasters caused by climate change on the Iranian stock market," Journal of Accounting and Management Vision, 7 89 (2024): 140-152,
VANCOUVER
Einabadi J., Mousavi S. M. S. Studying the financial effects of natural disasters caused by climate change on the Iranian stock market. Journal of Accounting and Management Vision, 2024; 7(89): 140-152.
