Mu’minin, Amirul and Sarumpaet, Susi and Sukmasari, Dewi (2018) The Analysis Of Monday Effect And Weekend Effect Towards Stock Return On Bank Sector In Indonesia, India, And China. In: The 4th Indonesian Finance Association International Conference, 5-6 September 2018, Bandar Lampung Indonesia.
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Abstract
This research aims to investigate the difference of returns that happened from Monday to Friday on stock trading, find empirical evidence that occurs on Monday effect on stock trading, and find empirical evidence that occurs in weekend effect on stock trading in Indonesia, India, and China. This research was an empirical study on trading day and stock returns were done by using the comparative method. This research used samples from 24 bank companies listed in Indonesia Stock Exchange (IDX), 26 bank companies listed in Bombay Stock Exchange (BSE), 10 bank companies listed in Shanghai Stock Exchange (SSE) from January to December 2017. Daily stock return of each bank company analysis technique used one way ANOVA to investigate the difference of return and independent sample t-test to find empirical evidence that occur in Monday effect and weekend effect. The result showed that there were significant differences between daily stock returns on trading days in a week in Indonesia, India, and China, Monday effect did not exist on stock trading in Indonesia, India, and China, Weekend effect did not exist on stock trading in Indonesia, India, and China in the period 2017. Keywords: Stock Return, Monday Effect, Weekend Effect
| Item Type: | Conference or Workshop Item (Paper) |
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| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting |
| Depositing User: | Susi Sarumpaet |
| Date Deposited: | 18 Oct 2019 03:13 |
| Last Modified: | 18 Oct 2019 03:13 |
| URI: | http://repository.lppm.unila.ac.id/id/eprint/14422 |
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