Naslov
Monday and January Effects on Croatian, Serbian, and Slovenian Stock Exchanges

Autori
Sajter, Domagoj

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Economic and Financial Developments in Asia and Europe / Bojnec, Štefan, Brada, Josef, Kuboniwa, Masaaki - Koper : University of Primorska Press, Koper, Slovenija, 2012

ISBN
978-961-6832-33-5

Skup
EuroConference 2012

Mjesto i datum
Portorož, Slovenija, 12.07.2012. - 14.07.2012

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Monday effect; January effect; seasonality

Sažetak
The aim of this article is to detect Monday and January effects on stock markets in Croatia, Serbia, and Slovenia. Average daily stock market returns are examined using standard statistical tests. There are no stable and constant signs of January effect in these countries, while there is an indication of the Monday effect in Croatia, and a Tuesday effect in Serbia and Slovenia, which could partly be described as a function of Monday effect in the US stock market. It is argued that the causes of these seasonalities lie mainly in the irrational behaviour of market participants.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
CIP – Kataložni zapis o publikaciji Narodna in univerzitetna knjižnica, Ljubljana 339.7(082) 336.71(082) overcoming the crisis : economic and financial developments in Asia and Europe / edited by Štefan Bojnec, Josef C. Brada and Masaaki Kuboniwa. - Koper : University of Primorska Press, 2012 ISBN 978-961-6832-33-5 ISBN 978-961-6832-32-8 (pdf) 1. Bojnec, Štefan 265090816

POVEZANOST RADA