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- W2623588343 abstract "Abstract In this article, we provide a detailed review on the behavior of calendar anomalies (day–of–the–week, January and turn–of–month in particular) to understand their evolution over time. The research in the area of stock market indicates negative returns on Monday and positive returns on Friday; however, in the currency markets, results are opposite, that is, the returns on Monday are positive and higher than the returns on Friday which show negative returns. For the January (TOM) effect, the literature suggest that the returns during January (TOM trading days) are higher (lower) than the returns during rest of the year (non–TOM trading days). Further, these calendar anomalies were stronger during the 1980s and 1990s and have gradually diminished in the recent times which indicate that the markets have achieved a higher degree of efficiency." @default.
- W2623588343 created "2017-06-15" @default.
- W2623588343 creator A5062651090 @default.
- W2623588343 date "2017-04-01" @default.
- W2623588343 modified "2023-09-27" @default.
- W2623588343 title "A Review on the Evolution of Calendar Anomalies" @default.
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- W2623588343 doi "https://doi.org/10.1515/sbe-2017-0008" @default.
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