This paper examines the Halloween effect in the Romanian stock market. The analysis is conducted for four stock indices using monthly returns. The Halloween effect is not identified for any of the indices. Therefore, an investment strategy based on the Halloween effect was not suitable for...

This study examines the relation between the sentiment of noise traders and stock prices in ten Post-Communist East European stock markets: Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovak Republic and Slovenia over the period April 2004 to March 2014. The...

This paper tests the Fisher effect in the case of Romanian stock market. According to the Fisher effect, the expected nominal return on stocks move in one to one correspondence with the expected rate of inflation. The relationship between nominal stock return and inflation is examined for four...