Chee-Jiun, Chia Ricky; Ye, Lim Shiok - In: Economics Bulletin 31 (2011) 4, pp. 3113-3122
This study found evidence on the twist-of-the-Monday effect, where returns on Mondays are influenced by the previous week's returns in Finland, Greece, Hungary, Netherlands, Portugal and Sweden stock markets. Interestingly, the tendency to follow previous week return is not limited to Monday...