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- W2060242526 abstract "Previous studies argue that market returns in the United States are higher in January than in the other months. Other studies corroborate this seasonality for other markets. This study reconsiders those conclusions by controlling for the numeraire used, the definition of returns, changes in the levels of segmentation, and the length over which seasonal returns are sought. We find that the results are sensitive to each of these factors. Finally, these results are sensitive to the statistical tests employed." @default.
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- W2060242526 date "1996-12-01" @default.
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- W2060242526 title "A re-examination of international seasonalities" @default.
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- W2060242526 doi "https://doi.org/10.1016/s1058-3300(96)90002-6" @default.
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