Obalade, Adefemi Alamu; Muzindutsi, Paul-Francois - In: Comparative economic research : Central and Eastern Europe 22 (2019) 3, pp. 145-162
In line with the Adaptive Market Hypothesis (AMH), the objective of this study is to investigate how the day-of-the-week (DOW) effect behaves under different bull and bear market conditions in African stock markets, and to examine the likelihood of being in a bull or bear regime for each market....
