Wang, Ko; Li, Yuming; Erickson, John - In: Journal of Finance 52 (1997) 5, pp. 2171-86
It is well documented that expected stock returns vary with the day of the week (the Monday or weekend effect). In this article, the authors show that the well-known Monday effect occurs primarily in the last two weeks (fourth and fifth weeks) of the month. In addition, the mean Monday return of...