The Dance of Week-End Return and Volume: A Symphony
DOI:
https://doi.org/10.29407/nusamba.v9i1.19553Keywords:
Weekend effect, trading volume, market efficient hypothesis, market anomaly, Covid-19 pandemicAbstract
Abstract
The weekend effect study is one of the studies relating to market anomalies. Research on market anomalies is important because it can be a guide for investors to transact. Concerning transactions, the TV-return pair is an appropriate indicator compared to the return itself. We use various combinations of TV-Return to find the weekend effect. The results show that mostly there is no weekend effect. Thus the efficient market hypothesis applies. This result can be a reference for investment, where Friday or Monday is no different. Investors can't beat the market
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References
Ahmad, Z. Al, & Ali, S. Al. (2016). Does the Holiday Effect Differ from Religious to Non-Religious Holidays? Empirical Evidence from Egypt. The Economics and Finance Letters, 3(3), 39–56. https://doi.org/10.18488/journal.29/2016.3.3/29.3.39.56
Anjum, S. (2020). Impact of market anomalies on stock exchange: a comparative study of KSE and PSX. Future Business Journal, 6(1), 1–11. https://doi.org/10.1186/s43093-019-0006-4
Asnawi, Said Kelana;, Wijaya, C., Siagian, D., & Alzah, S. F. (2021). Does Friday-Monday Dance with Harmony? Jurnal Organisasi Dan Manajemen, forthcoming.
Asnawi, Said Kelana, Salim, G., & Malik, W. A. (2020). Does Black Monday appear on The Indonesia Stock Exchange? Jurnal Organisasi Dan Manajemen, 16(1), 24–35.
Anjum, S. (2020). Impact of market anomalies on stock exchange: a comparative study of KSE and PSX. Future Business Journal, 6(1), 1–11. https://doi.org/10.1186/s43093-019-0006-4
Asnawi, Said Kelana;, Wijaya, C., Siagian, D., & Alzah, S. F. (2021). Does Friday-Monday Dance with Harmony? Jurnal Organisasi Dan Manajemen, forthcoming.
Asnawi, Said Kelana, Salim, G., & Malik, W. A. (2020). Does Black Monday appear on The Indonesia Stock Exchange? Jurnal Organisasi Dan Manajemen, 16(1), 24–35.
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Published
2024-04-01
How to Cite
Asnawi, S. K., Pangestu, W., & Widjaja, C. . (2024). The Dance of Week-End Return and Volume: A Symphony. JURNAL NUSANTARA APLIKASI MANAJEMEN BISNIS, 9(1), 33–47. https://doi.org/10.29407/nusamba.v9i1.19553
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