Purpose – This study seeks to examine the market returns of five domestic real estate investment trust (REIT) indices to determine whether they exhibit a turn-of-the-month (TOM) effect. Design/methodology/approach -A test is carried out for the TOM effect by employing a battery of parametric...

By applying knowledge of the quot;turn-of-the-monthquot; effect investors will improve the risk-adjusted performance of their retirement accounts by using a simple and easily implemented quot;switchingquot; strategy. Our exploitation of the turn-of-the-month anomaly achieves a 17.7 percent...

Purpose – The purpose of this paper is to examine how the Andersen implosion over Enron impacted Fortune 500 firms that were competitors of Enron and/or audited by Andersen. This event provides an opportunity to study various contagion effects. Design/methodology/approach – An event study...

Purpose - The paper aims to examine the Russian stock and bond markets for evidence of calendar anomalies in the first decade of the twenty-first century including a monthly seasonality, weekday seasonality, and a turn-of-the-month (TOM) seasonality. The study is motivated by interest in the...