The Behavior of Stock Prices during Lent and Advent

The religious practices generate some important calendar effects on the stock markets evolutions. This paper explores the impact on stock markets of two periods from the Catholic Church Calendar, Advent and Lent, for the period January 2009 � May 2017. We employ as data the closing daily values of s...

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Bibliographic Details
Main Authors: Ramona DUMITRIU, Razvan STEFANESCU
Format: Article
Language:English
Published: Dunarea de Jos University of Galati 2017-06-01
Series:Risk in Contemporary Economy
Online Access:http://www.rce.feaa.ugal.ro/images/stories/RCE2017/papers/RCE_2017_95-112.pdf