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...

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 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.

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...

Gold is traded worldwide, mainly in London, New York, Tokyo and Shanghai. We apply the recently developed spillover index approach of Diebold and Yilmaz (2009) to investigate the degree to which these markets are integrated, and which are net senders or recipients of information. The evidence...

We investigate the Information Shares (ISs) of the two main centres of gold trading, over a 25-year period, using nonoverlapping 4-month windows. We find that neither London nor New York is dominant in terms of price IS, that the dominant market switches from time to time and that these switches...

We investigate the volatility structure of gold, trading as a futures contract on the Chicago Board of Trade using intraday (high frequency) data from January 1999 to December 2005. Apart from investigating the now familiar GARCH properties we also utilize a rarely used measure of volatility -...

Gold's role as a safe haven asset has been intensively studied in recent years. This article extends the previous literature and examines the safe haven properties of four precious metals (gold, silver, platinum and palladium) in a time-varying manner. Results from the United States show that...