Table 3 Significance test results of climatic dimension.

From: A study of impact of climate change on the U.S. stock market as exemplified by the NASDAQ 100 index constituents

Time window

2000–2009

2010–2019

MCAR

P

MCAR

P

[− 10, − 1]

 − 0.0004837

0.1353

0.0033452

0.0000***

[− 5, − 1]

 − 0.0002107

0.2069

0.003335

0.0000***

[− 3, − 1]

0.0009884

0.0000***

0.0018124

0.0000***

[1, 3]

 − 0.0003102

0.0147**

0.000136

0.1500

[1, 5]

0.0005766

0.0009***

0.001048

0.0000***

[1, 10]

0.000507

0.0245**

0.0011205

0.0000***

[1, 20]

 − 0.0008681

0.0109**

0.00143

0.0000***

  1. *P < 0.1.
  2. **P < 0.05.
  3. ***P < 0.01.
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