Publication:
Daily Seasonalities and Stock Market Reforms in Spain

dc.affiliation.dptoUC3M. Departamento de Economía de la Empresaes
dc.contributor.authorPeña, Juan Ignacio
dc.date.accessioned2010-03-04T11:56:19Z
dc.date.available2010-03-04T11:56:19Z
dc.date.issued1995
dc.description.abstractThe effects of Spanish Stock Exchange Reform on the seasonal patterns of daily stock excess returns are addressed. Before the Reform, positive abnormal average Monday excess returns are found. Possible causes are discussed and related with clearing and trading mechanisms. After the Reform daily seasonal effects disappear, suggesting an increase in the market's operational efficiency.
dc.description.statusPublicado
dc.format.mimetypeapplication/pdf
dc.identifier.bibliographicCitationApplied financial economics, 1995, vol. 5, nº 6, p. 419-423.
dc.identifier.issn0960-3107 (print)
dc.identifier.issn1466-4305 (online)
dc.identifier.publicationfirstpage419
dc.identifier.publicationissue6
dc.identifier.publicationlastpage423
dc.identifier.publicationtitleApplied financial economics
dc.identifier.publicationvolume5
dc.identifier.urihttps://hdl.handle.net/10016/7123
dc.language.isoeng
dc.publisherRoutledge
dc.relation.isversionofhttp://hdl.handle.net/10016/10735
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEmpresa
dc.titleDaily Seasonalities and Stock Market Reforms in Spain
dc.typeresearch article*
dc.type.reviewPeerReviewed
dspace.entity.typePublication
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