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The Extended Holiday Effects on Bucharest Stock Exchange during Coronavirus Pandemic

Author

Listed:
  • Stefanescu Razvan

    (Dunarea de Jos University of Galati, Romania)

  • Dumitriu Ramona

    (Dunarea de Jos University of Galati, Romania)

Abstract

In the recent times, the Coronavirus Pandemic substantially influenced the financial markets. Such influence includes the transformations experienced by some calendar anomalies. This paper investigates the Extended Holiday Effects presence on the returns of three indexes from the Bucharest Stock Exchange for the period February 3, 2020 – May 7, 2021. The results indicate that, comparing to a pre-pandemic period, significant changes occurred for both pre and post-Holiday Effects.

Suggested Citation

  • Stefanescu Razvan & Dumitriu Ramona, 2021. "The Extended Holiday Effects on Bucharest Stock Exchange during Coronavirus Pandemic," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 293-303.
    • Handle: RePEc:ddj:fserec:y:2021:p:293-303
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    References listed on IDEAS

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