Title

Investor risk aversion and the weekend effect: The basics

Document Type

Article

Department or Administrative Unit

Finance and Supply Chain Management

Publication Date

2005

Abstract

This paper provides an explanation of the continued persistence of the weekend effect. Using the 23 non-holiday Wednesday closings of 1968 as a benchmark, it is postulated that negative Monday returns can be explained by risk averse investors reacting to the arrival of new information.

Comments

Please note: Due to copyright restrictions, this article is not freely downloadable through ScholarWorks @ CWU.

Journal

Academy of Accounting and Financial Studies Journal

This document is currently not available here.

Share

COinS