[PDF] Top 20 Turn of the month effect on the Bucharest stock exchange

... We perform the first regression for BET-C and RAQ-C returns (Table 2). For BET-C returns it resulted the most suitable TOM time period is between -1 to +2 trading days. The coefficients of the three dummy variables ... See full document

... – month effects on the Romanian capital ...the Bucharest Stock Exchange: BET, where there are listed some of the biggest Romanian corporations, and RASDAQ, which includes smaller ...– ... See full document

... a Turn-of-the-month (TOM) effect characterized by significant differences between the stock returns from the so called TOM period which included the first trading days of a month plus ... See full document

... Romanian stock market by employing the GARCH models on four of Bucharest Stock Exchange’ own indices which reflect only the evolution of market prices: Bucharest Exchange Trading ... See full document

... in stock returns challenge the return predictability of efficient market ...January effect (Keim, 1983; Agrawal and Tandon, 1994), End-of-the-year effect (Clark and Ziemba 1987), December ... See full document

... unexpectedly turn fiscal policy from sustainability to unsustainability and, consequently, the financial markets can become reluctant in providing more money to the ... See full document

... and stock returns, so suggesting the fact that as insider holdings are increasing, their interests concur with those of outside ...and stock returns, showing the occurrence of managers’ ... See full document

... ninth month of the Islamic ...the stock returns significantly decreased, while the mean returns didn’t suffer relevant ...the stock market speculation during this sacred ...holy month of ... See full document

... on stock returns in Korea from November 30, 1996 to the end of 1997 using order and trade data and found strong evidence of positive feedback trading and herding by foreign investors before the period of Korea's ... See full document

... Abstract: This paper explores the relation between the prices and the trading volume from the Bucharest Stock Exchange. The data employed consist in the daily values from January 2002 to March 2011. ... See full document

... 886 The aim of this research consists in the empirical investigation of the influence and causal relationship between board of directors independence assessed through the percentage of independent directors, as well the ... See full document

... foreign exchange market on stock market in the case of ...the Bucharest Stock Exchange (BSE) is an emerging market which experienced a significant development since Romania finalized ... See full document

... adhesion Bucharest Stock Exchange experienced a relatively quiet period which lasted for many ...adhesion, Bucharest Stock Exchange was affected by the crisis from the ... See full document

... size effect: in the case of small firms stocks from RASDAQ investors’ expectations were more optimistic in comparison with the big companies stocks from ... See full document

... studied stock market anomalies is the month of the year effect which is materialized in the change of return stocks from month to ...January effect has many explanations, such as the ... See full document

... week effect, which consists in significant differences from the average returns on some days of the week than ...week effect in Bucharest Stock ...the Bucharest Stock Market to ... See full document

... joint stock companies from the basic set did have Internet sites, but only 20 of them ...the stock exchanges have started using the Internet for financial ... See full document

... the stock market indicator is heavily influenced by investment opportunities (Rakhimsyah and Gunawan, ...High stock prices indicate high firm ...positive effect on stock prices of the ... See full document

... excess stock returns, even though there was ascertained a very modest and mixed association with abnormal accruals and almost no relation with accounting ...alongside stock ownership of board members, as ... See full document

... Таким образом, в результате исследования влияния глифосата на органы двухлеток кар- па, установлено, что в печени, мозгу и в белых мышцах карпа главными энергетическими субстратами яв[r] ... See full document