We’ve all felt the sluggish feeling each Spring when 1.6 billion humans around the world “spring forward” and move their clocks one hour ahead as part of Daylight Savings Time (DST). But surely this sleepy feeling is only for simple day-to-day activities, not higher stakes decisions like investing for one’s retirement. Not according to Tyler Kleppe’s research examining how DST affects investors’ reactions to corporate earnings news. 

The research finds relatively muted effects to corporate earnings announcements in the days following our collective spring forward. They find that the effect is explained by the lower information processing abilities associated with the time change. 

Learn more about Tyler and his research here.