The Turn-of-the-Month Effect: Evidence from Macedonian Stock Exchange
We examine turn of the month effect for the Macedonian Stock Exchange using daily return data utilizing OLS and pooled regression analysis for the 10 components of the MBI10 index. We find that for most of the individual stock returns the coefficients of the turn-of-the-month effect are all positive...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2023-09-01
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| Series: | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/sues-2023-0015 |