By Associated Management Consultants (P) Ltd. | Published on : May 1, 2011
Issue: IJF-May11-Article3-Stock Market Anomalies : A Test Of Calendar Effect In The Bombay Stock Exchange (BSE) (9 pages)Add to Wishlist
About this issue: Various seasonal patterns in returns have been found in the stock markets across the world. These patterns often referred to as anomalies, can be seasonal. This study examines whether calendar anomalies exist in the stock returns in the Bombay Stock Exchange (BSE). It investigates two types of calendar anomalies such as the turn-of-the-month effect and the time-of-the-month effect in returns in one of the leading stock exchanges of India. Data pertaining to the ten-year period of 1998-2007 has been used for testing the two types of calendar anomalies. Results reveal that the turn-of-the-month effect and the time-of-the-month effect have significantly More
About Indian Journal Of Finance: Indian Journal of Finance, a source of sophisticated analysis of developments in the rapidly expanding world of finance, is a monthly journal with topics ranging from corporate to personal finance, insurance to financial economics and derivatives.
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