Are Local or International influences responsible for the pre-holiday behaviour of Irish equities?
AbstractThe preholiday behaviour of equity price and return indices on the Irish Stock Exchange do nor display consistent positive pre-holiday returns. This is contrary to the majority of studies on this area, and the result is found across a number of sectoral indices. The analysis also indicates that these curious results are driven by local, as opposed to international, influences Classification-
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Bibliographic InfoPaper provided by IIIS in its series The Institute for International Integration Studies Discussion Paper Series with number iiisdp056.
Date of creation: 20 Apr 2005
Date of revision:
Ireland; Non-Parametric; Stock Returns;
Other versions of this item:
- Brian Lucey, 2005. "Are local or international influences responsible for the pre-holiday behaviour of Irish equities?," Applied Financial Economics, Taylor and Francis Journals, vol. 15(6), pages 381-389.
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