THE EVOLVING TURN-OF-THE-MONTH EFFECT: EVIDENCE FROM PACIFIC RIM COUNTRIES
Using daily stock returns for the decade from 1988 to 1998, this paper finds a fading of turn-oj-the- month (TOM) pallern in western countries and a newly emerging pallern in Asian countries. This newly emerging pattern conflicts with previous evidence ofa reverse pattern in the Japanese and Singapo...
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| Format: | Article |
| Language: | English |
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People & Global Business Association (P&GBA)
2002-03-01
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| Series: | Global Business and Finance Review |
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| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150624161648-593NR.pdf |