AJAYI, RICHARD A.; MEHDIAN, SEYED; PERRY, MARK J. - In: Emerging Markets Finance and Trade 40 (2004) 4, pp. 53-62
Existing literature on the day-of-the-week stock return anomaly focuses mainly on the United States and other advanced economies with little or no attention to the emerging markets, including those of Eastern Europe. In an attempt to address this gap in the literature, this paper conducts an...