Washer, Kenneth M; Nippani, Srinivas; Johnson, Robert R - In: Managerial Finance 42 (2016) 8, pp. 817-829
Purpose – Several articles in the popular press have detailed an end-of-year anomaly known as the Santa Claus Rally, a … examine the Santa Claus Rally by relating it to firm size in the stock markets of the USA. The Santa Claus Rally consists of … is a size effect as part of the Santa Claus Rally. Practical implications – This is the first study to show that Santa …