Calendar anomalies: Some perspectives from the behaviour of the Israeli stock market

Benil Auterbach; Meyer Ungar

doi:10.1080/758527547

Calendar anomalies: Some perspectives from the behaviour of the Israeli stock market

Benil Auterbach
, Meyer Ungar

Department of Economics

Research output: Contribution to journal › Article › peer-review

16 Scopus citations

Abstract

Contrary to international evidence, stock returns in Israel are higher following weekends and holidays. Daily stock returns in Israel are examined in the period 1977-1990 and several patterns observed. These findings suggest that there may exist a fundamental compensation for the illiquidity and greater risk of investing during market closures.

Original language	English
Pages (from-to)	57-60
Number of pages	4
Journal	Applied Financial Economics
Volume	2
Issue number	1
DOIs	https://doi.org/10.1080/758527547
State	Published - 1 Mar 1992

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Calendar anomalies: Some perspectives from the behaviour of the Israeli stock market

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