期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2015
卷号：15
期号：2
语种：English
出版社：Ovidius University Press
摘要：The prediction of the future capital market evolution is one of the important goals in theory and practice. Anomaly based strategies developed in the last decades of this century represent a more realistic approach to the alternatives based on Efficient Market Hypothesis, since the almost perfect efficient market as the one described by it is hardly to be found in real world. This paper analyzes one of the capital market anomalies, holiday effect in six different capital markets (both as localization and development degree). Despite some weak forms of evidences regarding the presence of this effect in four of the six countries from the sample, a more statistically significant correlation can be seen in Romania case.
