極端氣候對台灣股市的影響

Abstract

本研究探討極端氣候對台灣股市報酬率的影響。隨著全球氣候變遷，極端天氣事件的頻率和強度顯著增加，這對各行各業的運營和經濟活動產生了深遠影響。本研究旨在通過量化分析，評估這些極端氣候事件對台灣股市的影響。 ​透過本研究結果，發現濕度及溫度這兩種較容易影響人類心理及身理的天氣變數，在極端的情況下，確實會對某些產業的指數報酬率造成負的影響。因此，希望投資者能夠透過本研究結果，更全面地評估氣候變遷對股市投資帶來的機會與風險，同時也能為相關的政策制定提供了重要的參考依據。

This study explores the impact of extreme climate on stock market returns in Taiwan. With global climate change, the frequency and intensity of extreme weather events have increased significantly, which has had a profound impact on operations and economic activities in various industries. The study aims to assess the impact of these extreme climate events on Taiwan's stock market through quantitative analysis.

Through the results of this study, it was found that humidity and temperature, two weather variables that are more likely to affect human psychology and body, will indeed have a negative impact on the rate of index of certain industries in extreme cases. Therefore, we hope that investors can use the results of this study to more comprehensively assess the opportunities and risks that climate change brings to stock market investment, while also providing an important reference for relevant policy formulation.