In this paper, we find a 'reverse%rsquo; weekend effect - whereby returns for Monday are positive and significantly greater than returns for the preceding Friday - in recent data for major stock indexes. We also find that, while a weak weekend effect exists in portfolios of smaller firms, the...

Investors in tax-exempt bonds may invest in bonds that are insured against default risk. Research in this paper explores whether it makes a difference to investors which insurer provides the default risk protection. Using a sample of bonds insured by each of the major insurers, evidence is...

Purpose – The purpose of this paper is to provide a brief review of pre-2003 work on the weekend effect and then discuss how recent selected work has extended our knowledge of the subject. Design/methodology/approach – Results of recently published studies are organized and summarized by...