(DOWNLOAD) "Investor Risk Aversion and the Weekend Effect: The Basics." by Academy of Accounting and Financial Studies Journal # eBook PDF Kindle ePub Free
eBook details
- Title: Investor Risk Aversion and the Weekend Effect: The Basics.
- Author : Academy of Accounting and Financial Studies Journal
- Release Date : January 01, 2005
- Genre: Business & Personal Finance,Books,
- Pages : * pages
- Size : 277 KB
Description
ABSTRACT This paper provides an explanation of the continued persistence of the weekend effect. Using the 23 non-holiday Wednesday closings of 1968 as a benchmark, it is postulated that negative Monday returns can be explained by risk averse investors reacting to the arrival of new information.