Impact of Calendar Anomalies on Stock Exchange Markets: Intercountry Analysis

  • The Efficient Market Hypothesis would lead one to believe that stock markets are perfectly efficient and that abnormal/ deviant average returns are not possible. However, the existence of calendar anomalies empirically shows how specific periods during a week, month and year can influence the average returns in the stock markets. Research from scholarly journals and books, industry-related news sources, and industry-experts shows the occurrence of various calendar anomalies in global markets that led to unbalanced average returns and confronted the fundaments of the Efficient Market Hypothesis.

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Metadaten
Author:Sevinj Aliyeva
Referee:Axel Hellman
Advisor:Sebastian Block
Document Type:Master's Thesis
Language:English
Date of first Publication:2019/12/16
Publishing Institution:Hochschulbibliothek HWR Berlin
Granting Institution:Hochschule für Wirtschaft und Recht Berlin
Date of final exam:2019/07/18
Release Date:2019/12/16
Page Number:51
Institutes:FB I - Wirtschaftswissenschaften / International Finance M.Sc.
Licence (German):License LogoUrheberrechtsschutz