Investor risk aversion and the weekend effect: The basics

Authors

Michael T. Young, Minnesota State University - MankatoFollow

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

This article was originally published in Academy of Accounting and Financial Studies Journal. The full-text article from the publisher can be found here.

Recommended Citation

Young, M. (2005). Investor risk aversion and the weekend effect: The basics. Academy of Accounting and Financial Services Journal, 9(3), 51-63.

Journal

Academy of Accounting and Financial Studies Journal