The solar and lunar divide and the impact on Taiwan’s stock returns
| Autor: | Chen-Hsun Lee, Der-Yuan Yang |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2016 |
| Předmět: |
Economics and Econometrics
050208 finance lunar/solar new year G14 05 social sciences lcsh:Economic theory. Demography Event study Agricultural economics stock market lcsh:HB1-3840 Geography 0502 economics and business lcsh:Finance lcsh:HG1-9999 ddc:330 Lunar effect lunar/solar New Year G10 Stock market 050207 economics Finance Stock (geology) event study traditions |
| Zdroj: | Cogent Economics & Finance, Vol 4, Iss 1 (2016) |
| ISSN: | 2332-2039 |
| Popis: | Under the influence of the western world, the solar New Year celebration seems to have fascinated everyone in Taiwan with the lunar New Year festivity showing much less vigor. This paper examines the impact of the solar and lunar New Years on the stock market of Taiwan, showing that the lunar effect outshines the solar one, but the magnitude is decreasing for both as the years go by. In addition, this effect is more significant in the year of horse. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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