B.C., Bishal; Wang, Weiwei; Gurun, Ayfer; Cready, William - In: Managerial Finance 45 (2019) 9, pp. 1239-1252
Purpose: For this study, the authors document day-of-the-week trading patterns of individual investors using a unique data set of NYSE-listed firms and discuss their influence on the Monday effect. It is found that Monday stock returns are generally lower than those of other weekdays and, on...