Lawful Sequence of Events and Cryptocurrency Anomalies: An Empirical Investigation

Autor:	Lipika Jain, Parul Bhatia
Rok vydání:	2021
Předmět:	Organizational Behavior and Human Resource Management Cryptocurrency Strategy and Management Business Management and Accounting (miscellaneous) Business Business and International Management Computer security computer.software_genre Legal tender computer Sequence (medicine)
Zdroj:	FIIB Business Review. :231971452110424
ISSN:	2455-2658 2319-7145
DOI:	10.1177/23197145211042438
Popis:	The structural variations related to legal tender of cryptocurrencies operating across the world markets has been instable since their inception. There have been many changes incorporated for their status to be recognized as a legal financial instrument for investment purposes over the virtual financial markets. The concept of anomalies associated with the popular efficient market hypotheses given by Eugene Fama existed for Bitcoin and few other cryptocurrencies over a period of time. The present work attempts to contribute to the existing literature on cryptocurrency studies. A focused investigation has been carried for cryptocurrencies to find different behaviour of returns on these currencies over a varied response from various countries with respect to their permissible manoeuvres. The study has used independent sample t-test, one-way ANOVA and dummy regression analysis to examine the day of the week effect for a time period between 2014–2020 split into multiple sub-periods. Anomalies have been found for cryptocurrencies across multiple sub-periods with varied magnitude.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::fccbd84f78e0d5f7c2f3b7870870f354 https://doi.org/10.1177/23197145211042438 Zobrazit plný text záznamu