Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.omega.2004.05.005
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dc.titleDay-of-the-week effects in US and Asia-Pacific stock markets during the Asian financial crisis: A non-parametric approach
dc.contributor.authorHui, T.-K.
dc.date.accessioned2013-10-09T03:23:46Z
dc.date.available2013-10-09T03:23:46Z
dc.date.issued2005
dc.identifier.citationHui, T.-K. (2005). Day-of-the-week effects in US and Asia-Pacific stock markets during the Asian financial crisis: A non-parametric approach. Omega 33 (3) : 277-282. ScholarBank@NUS Repository. https://doi.org/10.1016/j.omega.2004.05.005
dc.identifier.issn03050483
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/43979
dc.description.abstractThis paper is devoted to extending the determination of day-of-the-week effect existing in a sample of Asia-Pacific markets such as Hong Kong, Korea, Singapore and Taiwan. At the same time, we also like to test for the presence of weekend effects in developed markets of the US and Japan. In view of recent studies regarding the disappearing day-of-the-week effect for US firms, we will focus our attention on the recent years to better track the presence of weekend effects during and after the Asian financial crisis in 1997 and the recent collapse of the blue chip stocks in the United States. The results reveal that there exists no evidence of the day-of-the-week effect in all countries except Singapore. For Singapore, it is low returns on Monday and Tuesday and high returns on Wednesday to Friday. © 2004 Elsevier Ltd. All rights reserved.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.omega.2004.05.005
dc.sourceScopus
dc.subjectKruskal-Wallis test
dc.subjectNormality
dc.subjectStock markets
dc.subjectWeekend effect
dc.typeArticle
dc.contributor.departmentDECISION SCIENCES
dc.description.doi10.1016/j.omega.2004.05.005
dc.description.sourcetitleOmega
dc.description.volume33
dc.description.issue3
dc.description.page277-282
dc.description.codenOMEGA
dc.identifier.isiut000228731000009
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