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.
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
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.