The Day-Of-The-Week Effects as Observed at the Kuala Lumpur Stock Exchange and Their Implications on the Efficient Market Hypothesis
The Capital Asset Pricing Model relies on the mathematical notion of expected rates of return . It is thus important to determine just how well stock prices mirror the fundamental value of firms. Previous studies on stock returns have revealed certain empirical anomalies and irregularities. Past...
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| Format: | Project Paper Report |
| Language: | English English |
| Published: |
1999
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| Subjects: | |
| Online Access: | http://psasir.upm.edu.my/id/eprint/8136/1/GSM_1999_19_A.pdf http://psasir.upm.edu.my/id/eprint/8136/ |
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