Investigation of the Weekend Effect on the Prague Stock Exchange

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F12%3A00060923" target="_blank" >RIV/00216224:14560/12:00060923 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Investigation of the Weekend Effect on the Prague Stock Exchange

Original language description

Since the 1980's numerous studies based on historical data have shown that stock returns depend on the day of the week. So called weekend effect suggests that stock returns on Mondays are often significantly lower than those of the immediately precedingFridays. In this proceeding we will apply the analysis of the weekend effect on the Prague Stock Exchange. We argue that the stock return on PSE (represented with PX Index), measured as closing to closing prices, should depend on the day of the week. Ingeneral, we assumed that the returns on Mondays should be lower and the returns on Fridays should be higher and also Monday return is significantly lower than the nonMonday return.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

AH - Economics

OECD FORD branch

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Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2012

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

European Financial Systems 2012

ISBN

9788021059405

ISSN

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e-ISSN

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Number of pages

5

Pages from-to

131-135

Publisher name

Masarykova univerzita

Place of publication

Brno

Event location

Brno

Event date

Jan 1, 2012

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

000316422800023