Browsing Comparative Economic Research. Central and Eastern Europe Volume 22 (2019), No. 3 by Subject "calendar effect"
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The Adaptive Market Hypothesis and the Day‑of‑the‑Week Effect in African Stock Markets: the Markov Switching Model (Wydawnictwo Uniwersytetu Łódzkiego, 2019)In line with the Adaptive Market Hypothesis (AMH), the objective of this study is to investigate how the day‑of‑the‑week (DOW) effect behaves under different bull and bear market conditions in African stock markets, and ...