The weekend effect on the index returns of 15 stock exchanges around the world

• Authors: Cristiane Benetti , Renato Guimaraes , Joshua Onome Imoniana

Title variants

PL

Wpływ weekendu na zwroty z indeksów 15 giełd na całym świecie

Abstracts

PL

Niniejsze badanie analizuje wpływ weekendu na zwroty z 15 indeksów giełdowych na całym świecie. Testy empiryczne przeprowadzono na dziennych zwrotach indeksów giełdowych z krajów objętych badaniem w okresie od stycznia 2010 r. do maja 2015 r. Wyniki wskazują, że efekt weekendu nie występuje już w USA. Ponadto efekt weekendu zniknął w krajach członkowskich Unii Europejskiej (Francja i Niemcy) oraz w Wielkiej Brytanii. Efekt ten zniknął również w prawie wszystkich badanych krajach Ameryki Łacińskiej, z wyjątkiem Wenezueli i Chile, gdzie nadal występuje. Niniejsze badanie przyczynia się do wyjaśnienia wpływu weekendów i różnic czasowych na wyniki transakcji giełdowych. Wyniki pomagają zrozumieć potencjalny związek między zwrotami z indeksów giełdowych na całym świecie a lokalizacją rynku. Praca ta dostarcza przydatnych informacji inwestorom podejmującym decyzje, naukowcom i decydentom.

EN

This study examines the weekend effect on the returns of 15 stock exchange indexes around the world. Empirical tests were performed on the daily returns of stock market indexes from the sample countries over the period from January 2010 to May 2015. The results conclude that the weekend effect no longer exists in the USA. In addition, the weekend effect has disappeared in European Union member countries (France, and Germany) and the UK. The effect has also disappeared in almost every country studied in Latin America except Venezuela and Chile, where it persists. This study contributes to elucidating the effect of weekends and time differences when negotiating on stock markets. The results help comprehend the potential relationship between stock exchange index returns around the world and the location of the market. This work provides useful insights for investors making decisions, scholars, and policy makers.

Keywords

EN

weekend effect; stock market; EU; US; Latin America

PL

efekt weekendu; rynek akcji; UE; USA; Ameryka Łacińska

• Publisher: Akademia Nauk Stosowanych w Raciborzu
• Journal: Eunomia – Rozwój Zrównoważony – Sustainable Development
• Year: 2024
• Issue: 2(108)
• Pages: 93-104

Dates

published

2024

Contributors

author

Cristiane Benetti

• ICN Artem Business School, NANCY, Centre Européen de Recherche en Economie Financière et Gestion- Le Laboratoire de recherche en gestion et économie (CEREFIGE), France

author

Renato Guimaraes

• ICN Artem Business School, NANCY, Centre Européen de Recherche en Economie Financière et Gestion- Le Laboratoire de recherche en gestion et économie (CEREFIGE), France

author

Joshua Onome Imoniana

• University of Sao Paulo, Sao Paulo, Brazil

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Identifiers

Biblioteka Nauki

57552180