Календарні Ефекти Та Аномалії На Українському Фондовому Ринку: Теорія І Практика
[The Calendar Effects and Anomalies on Ukrainian Stock Market: Theory and Empirical Evidence]
The theoretical aspects of calendar effects and anomalies on the Ukrainian stock market and the empirical evidence of daily, monthly and quarterly returns of PFTS-index and their volatility are examined. A strong evidence of a calendar effect i.e. December effect on Ukrainian PFTS exchange was found. It can be explained due to the cyclical character of some industries, cyclical shares and calendar character of exchange rate fluctuations.
|Date of creation:||2011|
|Date of revision:|
|Publication status:||Published in Світ фінансів 2 (2011): pp. 30-40|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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