This study employs Rescaled-range analysis; the Correlation Dimension test, and the BDS test, to analyse lengthy daily time series of financial data. Two equity and two commodity indices are examined. The results reject the hypothesis that the series are purely random, independent and...

We document, for a new data set, the existence of daily seasonality. The data set consists of the trades in four equities and two bonds on the Dublin stock exchange for the mid nineteenth century.

Substantial evidence exists to indicate that a negative Monday, or in some case Tuesday, mean return is achieved by stock market indices. In contrast to these and to previous Irish studies, this paper finds that there is no negative Monday or Tuesday return, there being a persistent and positive...

We examine the effect of the appointment of directors on the share price of FTSE companies. We find that the share price reaction to the appointment of directors suggests that gender is not an issue in the appointment of nonexecutive directors, but it does have an effect on the market reaction...

The Friday the 13th anomaly discussed by Kolb and Rodriguez in 1987 is revisited in an international context. Using the FTSE world indices over the period 1988-2000, for 19 countries, it is found that there is some evidence that returns on Friday the 13th are statistically different from, and...

The first four moments of four indices of equity returns produced by the Irish Stock Exchange are examined across different market directions. Using standard F, Kruskal-Wallis and Levene tests daily seasonality is confirmed in all, although in a pattern different to that found elsewhere. In...

We demonstrate for the first time the existence of a lunar cycle on precious metal returns. This appears to be more pronounced in silver than gold, with very little evidence for an effect in platinum.