Rayenda Brahmana; Hooy, Chee Wooi; Ahmad, Zamri - In: Contemporary economics 8 (2014) 2, pp. 175-190
Evidence supporting the weekend effect, also known as Monday Irrationality, has shown that conventional finance is … irrationality. By analyzing the market index and size-based portfolio formation model from 1999 to 2010, this research study found … mood of investors plays an important role on investment decisions and the resulting Monday irrationality of investors. …