Day of the week effect of stock returns: Empirical evidence from bombay stock exchange
作者: Rupinder Katoch
刊名: International Journal of Research in Social Sciences, 2018, Vol.8 (4), pp.130-138
关键词: SeasonalityDay of the Week effectsAnamolyOLSANOVA
原始语种摘要: A number of studies have been carried out from time to time both in the developed and developing economies to test the presence of anomalies in stock returns. Day of the week effect is the most commonly tested method to check the presence of seasonal anomalies. Previous empirical studies have strongly supported that seasonal anomalies do exist in stock markets. These seasonal anomalies provide an opportunity to the investors to earn abnormal returns by trading on past information. This study attempts to test whether the day of the week effect is present in the stock returns of the Bombay Stock Exchange in India. For this purpose, stock returns for the period between 2010 to 2017 with 1716 observation are taken into account. The day of the week effect hypothesis is tested using OLS model....
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  • returns 返回粉末
  • stock 岩株
  • trading 贸易
  • evidence 
  • effect 效应
  • opportunity 机会
  • empirical 经验的
  • information 报告
  • purpose 目的
  • OLS On-Line System