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...