Impact of the January Effect on Return Rates in the Markets of the 2004 EU Enlargement

Podgórski Błażej ()
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Podgórski Błażej: Kozminski University

Journal of Management and Business Administration. Central Europe, 2018, vol. 26, issue 1, 27-48

Abstract: Purpose: The article presents the results of a study conducted for the January effect. This anomaly is best recognized in the capital markets. In this case, we find explanation of its appearance based on both fundamental analysis and heuristics used by investors. The research focuses on the markets of the European Union enlargement countries of 2004. There are three hypotheses stated in the article:

Keywords: January Effect; generalized method of moments; dynamic panel data models; impact of the European Union enlargement to capital markets (search for similar items in EconPapers)
JEL-codes: G14 G4 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:jmbace:v:26:y:2018:i:1:p:27-48:n:3

DOI: 10.7206/jmba.ce.2450-7814.218

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