Cultural and non-cultural holiday effect in Japanese and South Korea stock markets

• Main Authors: Renogadewi Sandara Segaran, Chia, Ricky Chee Jiun
• Format: Article
• Language: English; English
• Published: Penerbit UMS 2021
• Subjects: HF1-6182 Commerce
• Online Access: https://eprints.ums.edu.my/id/eprint/31770/1/Cultural%20and%20non-cultural%20holiday%20effect%20in%20Japanese%20and%20South%20Korea%20stock%20markets%20.pdf; https://eprints.ums.edu.my/id/eprint/31770/2/Cultural%20and%20non-cultural%20holiday%20effect%20in%20Japanese%20and%20South%20Korea%20stock%20markets%201.pdf; https://eprints.ums.edu.my/id/eprint/31770/; https://jurcon.ums.edu.my/ojums/index.php/lbibf/article/view/2930
• Institution: Universiti Malaysia Sabah

This paper investigated the existence of cultural and non-cultural holiday effect in Japanese and South Korea stock markets consisting of four selected stock indexes which are Nikkei 225, JASDAQ, KOSDAQ and KOSPI. Descriptive statistics and Ordinary Least Square (OLS) with dummy variables are adopte...