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The Halloween Effect Evidence from Romania

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  • Dragos Stefan Oprea

Abstract

This paper examines the Halloween effect in the Romanian stock market. The analysis is conducted for four stock indices using monthly returns. The Halloween effect is not identified for any of the indices. Therefore, an investment strategy based on the Halloween effect was not suitable for investors in this market.

Suggested Citation

  • Dragos Stefan Oprea, 2014. "The Halloween Effect Evidence from Romania," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 4(7), pages 463-471, July.
    • Handle: RePEc:hur:ijarbs:v:4:y:2014:i:7:p:463-471
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    References listed on IDEAS

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    Cited by:

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    More about this item

    Keywords

    Seasonal anomalies; Halloween effect; Romanian stock market; Sector indices; Market efficiency;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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