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Impact of the January Effect on Return Rates in the Markets of the 2004 EU Enlargement

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  • Podgórski Błażej

    (Kozminski University)

Abstract

Purpose: The article presents the results of a study conducted for the January effect. This anomaly is best recognized in the capital markets. In this case, we find explanation of its appearance based on both fundamental analysis and heuristics used by investors. The research focuses on the markets of the European Union enlargement countries of 2004. There are three hypotheses stated in the article:

Suggested Citation

  • Podgórski Błażej, 2018. "Impact of the January Effect on Return Rates in the Markets of the 2004 EU Enlargement," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 26(1), pages 27-48, March.
    • Handle: RePEc:vrs:jmbace:v:26:y:2018:i:1:p:27-48:n:3
    DOI: 10.7206/jmba.ce.2450-7814.218
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    More about this item

    Keywords

    January Effect; generalized method of moments; dynamic panel data models; impact of the European Union enlargement to capital markets;
    All these keywords.

    JEL classification:

    • G4 - Financial Economics - - Behavioral Finance
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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    Access and download statistics

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