IS THERE A WEEKEND EFFECT IN EUROPE? AN ANALYSIS OF DAILY RETURNS, NON-TRADING RETURNS, AND TRADING RETURNS

This paper examines the stock markets o f eight European countries for recent evidence o f a weekend effect where Monday s return is significantly less than the re. ·t o f the week. We further decompose daily returns into non-trading periods (close-to-open) and trading periods (open-to-close) and te...

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Bibliographic Details
Main Authors: William Compton, Robert Kunkel
Format: Article
Language:English
Published: People & Global Business Association (P&GBA) 2004-09-01
Series:Global Business and Finance Review
Subjects:
Online Access:http://www.gbfrjournal.org/pds/journal/thesis/20150624150834-BS1EL.pdf

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