Purpose – The purpose of this paper is to examine whether the seasonal anomaly known as the reverse weekend effect detected at index level can also be observed at individual stock level. Design/methodology/approach – This paper's methodology is based on the model first developed by Connolly...

Purpose – The purpose of the paper is to check for reverse weekend effect in the Canadian stock market. Design/methodology/approach – T ‐tests, non‐parametric tests and regressions were employed. Findings – There is reverse weekend effect in the Canadian stock market. Canadian stocks...

Purpose – The purpose of this paper is to examine the day‐of‐the‐week effect for three primary money market instruments in Canada. The sample period is 1980‐2009. Design/methodology/approach – The authors use three approaches. First, a parametric t ‐test is employed to determine if...

This study examines the information content of Standard & Poor's common stock ranking changes. Since prior studies find Standard & Poor's common stock rankings provide investors with a measure of risk, a ranking change may signify a change in risk. Common stock ranking changes made by Standard &...

This paper examines stock price reactions to changes in Standard & Poor's common stock rankings. Using internal memoranda obtained directly from Standard & Poor's, an event study methodology, and a sample of 191 upgrades and 582 downgrades, we find that the majority of stock price reactions...

This study examines the information content of Standard & Poor's common stock ranking changes. Since prior studies find Standard & Poor's common stock rankings provide investors with a measure of risk, a ranking change may signify a change in risk. Common stock ranking changes made by Standard &...