After moving our entire system from an HDD to a new SSD, we suddenly had a problem with Office 365 (all programs - Excel, Word, PowerPoint) being unable to open hyperlinked files, whether from Explorer or from the list of previously opened documents within
the program itself. Double clicking the link would start the relevant Office program, but it would close immediately and then reopen with a blank document.
We went through numerous attempts to solve the issue, including uninstalling and reinstalling Office, which did not work. Eventually, the problem was found to be a
corrupt cache file(s), located in the following folder:
C:\Users[Username]\AppData\Local\Microsoft\Office\15.0\OfficeFileCache
I couldn't delete the entire folder, as Windows said it was in use (even though no Office program was running). However, I deleted everything inside this folder that was deletable, including everything inside its' subfolder LocalCacheFileEditManager. This
solved the problem. The next time Office is run, the proper cache files will be created automatically.