Presence of the turn-of-the-month effect in selected Asian stock markets from 2001-2010

• Main Authors: Aguinaldo, Richard G., Lindo, Joshua Ruben M., Osit, Calvin V., Taliano, Thaddeus Darius V.
• Format: text
• Language: English
• Published: Animo Repository 2013
• Subjects: Stock exchanges > Asia; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/18401
• Institution: De La Salle University

Efficient market hypothesis (EMH) has always been challenged with new evidences of calendar anomalies in the stock market. This paper examines the existence of the turn-of-the-month (TOM) effect in the selected Asian stock markets namely, Hang Seng index of Hong Kong, Nikkei 225 index of Japan, SSE...