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Day of the week effects: new evidence from an emerging stock market

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  • Ercan Balaban

Abstract

The primary objective is to investigate day of the week effects in an emerging stock market of a developing country, namely Turkey. Empirical results verify that although day of the week effects are present in Istanbul Securities Exchange Composite Index (ISECI) return data for the period January 1988 to August 1994, these effects change in direction and magnitude through time.

Suggested Citation

  • Ercan Balaban, 1995. "Day of the week effects: new evidence from an emerging stock market," Applied Economics Letters, Taylor & Francis Journals, vol. 2(5), pages 139-143.
    • Handle: RePEc:taf:apeclt:v:2:y:1995:i:5:p:139-143
    DOI: 10.1080/135048595357465
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    References listed on IDEAS

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