Equity returns at the turn of the month | Pusat Sumber Belajar FEB UI

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Equity returns at the turn of the month

McConnell, John J. - ; Xu, Wei - ;

The turn-of-the-month effect in U.S. equities is found to be so powerful in the 1926?2005 period that, on average, investors received no reward for bearing market risk except at turns of the month. The effect is not confined to small-capitalization or low-price stocks, to calendar year-ends or quarter-ends, or to the United States: This study finds that it occurs in 31 of the 35 countries examined. Furthermore, it is not caused by month-end buying pressure as measured by trading volume or net flows to equity funds. This persistent peculiarity in returns remains a puzzle in search of an answer..Printed Journal

Ketersediaan

Call Number	Location	Available
	PSB lt.dasar - Pascasarjana	1

Penerbit	CFA Institute.,
Edisi	-
Subjek	Portfolio management Equity strategies Equity investments Fundamental analysis and Valuation models
ISBN/ISSN	0015198X
Klasifikasi	-
Deskripsi Fisik	-
Info Detail Spesifik	-
Other Version/Related	Tidak tersedia versi lain
Lampiran Berkas	Tidak Ada Data