Artikel
Stock market anomalies: The day of the week effects, evidence from Borsa Istanbul
This study was conducted to investigate the market anomalies in the Borsa Istanbul Index (BIST). The scope of this study is to examine the Monday effects in BIST that are stock index of Turkey with an data set that contains daily stock prices between 02.01.2010 and 22.10.2014. The stock returns of the 289 companies were calculated according to the daily historical stock prices of companies. These returns were classified based on the sectors, and statistically analysed if the days of the week had any effects on Monday when the daily stock returns of Monday were fixed constant. The findings showed that the stock returns on Monday were affected by the other days. These effects were mostly negative, and varied according to the stocks and sectors. Thursday and Friday had the highest effect, whereas Tuesday had the least effect on the stocks. The results show that the stock market in Turkey has market anomaly, and BIST is not an efficient market.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Journal of Global Entrepreneurship Research ; ISSN: 2251-7316 ; Volume: 7 ; Year: 2017 ; Issue: 4 ; Pages: 1-11 ; Heidelberg: Springer
- Klassifikation
-
Management
- Thema
-
The day of week effects
Market anomalies
Market efficiency
Monday effects
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Cengiz, Hülya
Bilen, Ömer
Büyüklü, Ali Hakan
Damgacı, Gülizar
- Ereignis
-
Veröffentlichung
- (wer)
-
Springer
- (wo)
-
Heidelberg
- (wann)
-
2017
- DOI
-
doi:10.1186/s40497-017-0062-6
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Cengiz, Hülya
- Bilen, Ömer
- Büyüklü, Ali Hakan
- Damgacı, Gülizar
- Springer
Entstanden
- 2017
Ähnliche Objekte (12)
The day of the week effect in the crypto currency market
The day of the week effect in the crypto currency market
The Day of the Week Effect in the Crypto Currency Market
The day-of-the-week effect revisited: An alternative testing approach
The evolution and cross-section of the day-of-the-week effect
Day of the week to tweet: a randomised controlled trial
Continuity in transition: Combining recovery and day‐of‐week perspectives to understand changes in employee energy across the 7‐day week
Day-of-the-week effect among the smallest enterprises listed on WSE
Day-of-the-week returns and mood: an exterior template approach
Day-of-the-week effect on the Tunisian stock market return and volatility
The significance of anomalies
Days of Work over a Half Century: The Rise of the Four-Day Week
The day of the week effect in the crypto currency market
The day of the week effect in the crypto currency market
The Day of the Week Effect in the Crypto Currency Market
The day-of-the-week effect revisited: An alternative testing approach
The evolution and cross-section of the day-of-the-week effect
Day of the week to tweet: a randomised controlled trial
Continuity in transition: Combining recovery and day‐of‐week perspectives to understand changes in employee energy across the 7‐day week
Day-of-the-week effect among the smallest enterprises listed on WSE
Day-of-the-week returns and mood: an exterior template approach
Day-of-the-week effect on the Tunisian stock market return and volatility
The significance of anomalies
Days of Work over a Half Century: The Rise of the Four-Day Week
The day of the week effect in the crypto currency market
The day of the week effect in the crypto currency market
The Day of the Week Effect in the Crypto Currency Market
The day-of-the-week effect revisited: An alternative testing approach
The evolution and cross-section of the day-of-the-week effect
Day of the week to tweet: a randomised controlled trial
Continuity in transition: Combining recovery and day‐of‐week perspectives to understand changes in employee energy across the 7‐day week
Day-of-the-week effect among the smallest enterprises listed on WSE
Day-of-the-week returns and mood: an exterior template approach
Day-of-the-week effect on the Tunisian stock market return and volatility
The significance of anomalies