SeptemBear - A seasonality puzzle in the German stock index DAX

The September performance of the DAX (German stock market index) was found to be below average in the period from 1959-1999. This finding is shown to be robust to several changes in the empirical specification. None of the variables under consideration - elections, risk premia and German unification - were able to resolve this puzzle.

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Year of publication:	2002
Authors:	Reutter, Michael ; Weizsacker, Jakob Von ; Westermann, Frank
Published in:	Applied Financial Economics. - Taylor & Francis Journals, ISSN 0960-3107. - Vol. 12.2002, 11, p. 765-769
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009206725