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dc.contributor.authorMarrett, George J
dc.contributor.authorWorthington, Andrew C
dc.date.accessioned2017-05-03T13:06:35Z
dc.date.available2017-05-03T13:06:35Z
dc.date.issued2009
dc.date.modified2011-05-04T09:53:52Z
dc.identifier.issn1350-4851
dc.identifier.doi10.1080/13504850701675474
dc.identifier.urihttp://hdl.handle.net/10072/30699
dc.description.abstractThis note examines the holiday effect in Australian daily stock returns at the market and industry level and for small capitalisation stocks from Monday 9 September 1996 to Friday 10 November 2006. The eight annual holidays specified are New Years Day, Australia Day (26 January), Easter Friday and Easter Monday, ANZAC Day (25 April), the Queen's Birthday (second Monday in June), Christmas Day and Boxing Day. A regression-based approach is employed. The results indicate that the Australian market overall provides evidence of a pre-holiday effect in common with small cap stocks. However, the market level effect appears to be solely the result of a strong pre-holiday effect in the retail industry. No evidence is found of a post-holiday effect in any market or industry.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent119839 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoeng
dc.publisherRoutledge
dc.publisher.placeUnited Kingdom
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom1769
dc.relation.ispartofpageto1772
dc.relation.ispartofissue17
dc.relation.ispartofjournalApplied Economics Letters
dc.relation.ispartofvolume16
dc.rights.retentionY
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchBanking, finance and investment
dc.subject.fieldofresearchFinance
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode3502
dc.subject.fieldofresearchcode350202
dc.titleAn empirical note on the holiday effect in the Australian stock market, 1996-2006
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.rights.copyright© 2009 Routledge. This is an electronic version of an article published in Applied Economics Letters, Volume 16, Issue 17, First published 2009, Pages 1769 - 1772. Applied Economics Letters is available online at: http://www.informaworld.com with the open URL of your article.
gro.date.issued2009
gro.hasfulltextFull Text
gro.griffith.authorWorthington, Andrew C.


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