This paper investigates calendar anomalies for four emerging stock markets (Romania, Bulgaria, Croatia and Turkey) and their mature counterpart in the Balkan region (Greece), during the period 2000-2008. Five well known calendar effects on both return and volatility are examined: The day of the...

This paper examines the calendar anomalies/effects in 55 Stock market exchange indices of 51 countries around the world. The calendar effects which are examined are the turn-of-the-Month effect, the day-of-the-Week effect, the Month-of the-Year effect and the semi-Month effect. The methodology...

In this paper, we conduct a comprehensive investigation of calendar anomaly evolution in the US stock market (given by the Dow Jones Industrial Average) for the 1900 to 2018 period. We employ various statistical techniques (average analysis, Student's t-test, ANOVA, the Kruskal-Wallis and...

The purpose of this study is to examine Javanese lunar calendar (Primbon) effect to abnormal return on Indonesian Stock Market. Type of this study is conclusive descriptive using intraday trading data. The research observed and tested cultural phenomena called Primbon as a calendar effect on...

The purpose of this study is to investigate the impact of five various calendar effects on the Amman Stock Exchange (ASE) for the period January 2012 to December 2017. These effects are ‘day-of-the-week', ‘half of the month' ‘January', ‘turn of the month' and ‘January and non- January...

Modeling the diffusion of innovations is a very challenging task, as there are various influencing factors to consider. At the same time, insights into the diffusion process can help decision makers to detect weak points of potential business models. In the literature, various models and...

By using a unique dataset of daily short covering volumes obtained from the Taiwan Stock Exchange, we first examine, in general, what drives daily short covering activity in the cross-section and its return predictability; we then investigate, in specific, the relation between short covering and...

We examine the impact of US colleges and universities switching from an academic quarter calendar to a semester calendar on student outcomes. Using panel data on the near universe of four-year nonprofit institutions and leveraging quasi-experimental variation in calendars across institutions and...