Ortiz, Cristina; Ramirez, Gloria; Vicente, Luis - In: Applied Financial Economics 20 (2010) 23, pp. 1829-1838
In this article, we analyse the potential quarterly anomalies of Spanish stock returns. We extend previous studies by analysing the daily Cumulative Abnormal Return (CAR) in the first trading days of a quarter to better understand the behaviour of stocks. Our results show no clear stock return...