The day-of-the-week effect in the Athens Stock Exchange (ASE)

• Autores: Nickolaos V. Tsangarakis
• Localización: Applied financial economics, ISSN 0960-3107, Vol. 17, Nº. 16-18, 2007, págs. 1447-1454
• Idioma: inglés
• DOI: 10.1080/09603100600675540
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• Resumen

  • This study examines the day-of-the-week effect in the ASE for the period 1981 to 2002. Findings reveal that the day-of-the-week effect is not a dominant phenomenon. There is no systematic pattern across the days of the week suggesting that investors may have improved risk pricing.