Purpose – The study is a test for the existence of an international stock market anomaly. Design/methodology/approach - To test for holiday anomalies over a ten year period, the study examines six major international indices using dummy variable regressions with continuous data and simple...

Purpose – The study is a test for the existence of an international stock market anomaly. Design/methodology/approach – To test for holiday anomalies over a ten year period, the study examines six major international indices using dummy variable regressions with continuous data and simple...

The 1987 Single European Act's intended goal is to unify European member nations. The Act provides a series of steps over time that dismantles the various trade barriers between the European Economic Community (EEC) members. The main economic reforms, reduced trade and increased capital flows,...