A note on the seasonality of stock returns on the Johannesburg Stock Exchange
Evidence from studies on the major stock exchanges world-wide suggests that stocks listed on these markets earn abnormally high returns in the month of January. In this article the seasonality of stocks on the Johannesburg Stock Exchange is empirically investigated. Surprisingly no January effects a...
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| Format: | Article |
| Language: | English |
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AOSIS
1990-03-01
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| Series: | South African Journal of Business Management |
| Online Access: | https://sajbm.org/index.php/sajbm/article/view/909 |
| _version_ | 1811251826895355904 |
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| author | D. J. Bradfield |
| author_facet | D. J. Bradfield |
| author_sort | D. J. Bradfield |
| collection | DOAJ |
| description | Evidence from studies on the major stock exchanges world-wide suggests that stocks listed on these markets earn abnormally high returns in the month of January. In this article the seasonality of stocks on the Johannesburg Stock Exchange is empirically investigated. Surprisingly no January effects are found, however, a significant December seasonal effect is documented. A plausible explanation for this finding is offered. |
| first_indexed | 2024-04-12T16:25:52Z |
| format | Article |
| id | doaj.art-a8c54e21b2714e899d4f974fc50fc303 |
| institution | Directory Open Access Journal |
| issn | 2078-5585 2078-5976 |
| language | English |
| last_indexed | 2024-04-12T16:25:52Z |
| publishDate | 1990-03-01 |
| publisher | AOSIS |
| record_format | Article |
| series | South African Journal of Business Management |
| spelling | doaj.art-a8c54e21b2714e899d4f974fc50fc3032022-12-22T03:25:23ZengAOSISSouth African Journal of Business Management2078-55852078-59761990-03-01211/27910.4102/sajbm.v21i1.909630A note on the seasonality of stock returns on the Johannesburg Stock ExchangeD. J. Bradfield0Department of Mathematical Statistics, University of Cape TownEvidence from studies on the major stock exchanges world-wide suggests that stocks listed on these markets earn abnormally high returns in the month of January. In this article the seasonality of stocks on the Johannesburg Stock Exchange is empirically investigated. Surprisingly no January effects are found, however, a significant December seasonal effect is documented. A plausible explanation for this finding is offered.https://sajbm.org/index.php/sajbm/article/view/909 |
| spellingShingle | D. J. Bradfield A note on the seasonality of stock returns on the Johannesburg Stock Exchange South African Journal of Business Management |
| title | A note on the seasonality of stock returns on the Johannesburg Stock Exchange |
| title_full | A note on the seasonality of stock returns on the Johannesburg Stock Exchange |
| title_fullStr | A note on the seasonality of stock returns on the Johannesburg Stock Exchange |
| title_full_unstemmed | A note on the seasonality of stock returns on the Johannesburg Stock Exchange |
| title_short | A note on the seasonality of stock returns on the Johannesburg Stock Exchange |
| title_sort | note on the seasonality of stock returns on the johannesburg stock exchange |
| url | https://sajbm.org/index.php/sajbm/article/view/909 |
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