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...

Morningstar offers two stock portfolios known as the Tortoise and the Hare portfolios with the stocks included in each portfolio published and updated in the <italic>Morningstar StockInvestor</italic> monthly newsletter. This study examines the performance of these two portfolios using the Sharpe, Treynor and...

Purpose – This study aims to examine the market returns of the Ukrainian stock and bond markets to determine whether they exhibit calendar anomalies including the January effect, weekend effect, and turn-of-the-month (TOM) effect. Ukraine provides an opportunity to examine the efficiency of an...

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...