Day-of-the-week effects in Selected East Asian stock markets

Venus, Khim-Sen Liew and Ricky, Chee-Jiun Chia and Syed Azizi Wafa, Syed Khalid Wafa (2008) Day-of-the-week effects in Selected East Asian stock markets. Economics Bulletin, 7 (5). pp. 1-8.

[img]
Preview
PDF
Day-of-the-week effects in Selected East Asian stock markets (abstract).pdf

Download (9kB) | Preview

Abstract

This study examines the day-of-the-week effects in the Taiwan, Singapore, Hong Kong and South Korea stock markets. Various significant day-of-the-week effects, including the typical negative Monday and positive Friday effects are detected in the stock markets Taiwan, Singapore and Hong Kong. Further analysis shows that only Friday effect in Taiwan is sustainable while all other effects disappeared completely after accounting for equity risks. Besides, this study also finds evidences of risk and return tradeoff as well as asymmetrical market effects.

Item Type: E-Article
Uncontrolled Keywords: UNIMAS, 2008, East Asian, Stock Market, day of the week , unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education , research, Universiti Malaysia Sarawak.
Subjects: A General Works > AC Collections. Series. Collected works
A General Works > AC Collections. Series. Collected works

H Social Sciences > HF Commerce
H Social Sciences > HG Finance
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Karen Kornalius
Date Deposited: 05 Dec 2013 02:32
Last Modified: 27 Dec 2016 08:22
URI: http://ir.unimas.my/id/eprint/56

Actions (For repository members only: login required)

View Item View Item