The Halloween Effect Evidence from Romania

Dragos Stefan Oprea

International Journal of Academic Research in Business and Social Sciences, 2014, vol. 4, issue 7, 463-471

Abstract: This paper examines the Halloween effect in the Romanian stock market. The analysis is conducted for four stock indices using monthly returns. The Halloween effect is not identified for any of the indices. Therefore, an investment strategy based on the Halloween effect was not suitable for investors in this market.

Keywords: Seasonal anomalies; Halloween effect; Romanian stock market; Sector indices; Market efficiency (search for similar items in EconPapers)
JEL-codes: G10 G14 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:hur:ijarbs:v:4:y:2014:i:7:p:463-471

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