Real vs. nominal stock return seasonalities: empirical evidence

Beni Lauterbach, Meyer Ungar

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

Abstract

In Israel, where the average inflation rate has been relatively high, calendar stock market anomalies appear different than in most of the other international markets. Adjustment for inflation, however, eliminates the dissimilarities. This suggests that calendar seasonalities are real, and should be measured in real terms.

Original languageEnglish
Pages (from-to)133-147
Number of pages15
JournalInternational Review of Economics and Finance
Volume4
Issue number2
DOIs
StatePublished - 1995

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