کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5063391 1372224 2011 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Calendar anomalies in the Gulf Cooperation Council stock markets
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
پیش نمایش صفحه اول مقاله
Calendar anomalies in the Gulf Cooperation Council stock markets
چکیده انگلیسی
We examine calendar anomalies in Gulf Cooperation Council (GCC) stock markets and document a Friday-type effect that occurs on the last trading day of the week and which we call “Wednesday effect”, since Wednesday is the last day before the weekend in the leading market for the region. This effect, however, is more pronounced outside the month of Ramadan. We also find a statistically significant positive December effect, contrary to the January effect documented in Western countries. The presence of such anomalies may provide money managers with opportunities to optimally time their trades based on daily and monthly price fluctuations.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Emerging Markets Review - Volume 12, Issue 3, September 2011, Pages 293-307
نویسندگان
, , ,