Date of Award

5-2015

Degree Type

Report

Degree Name

Master of Science (MS)

Department

Economics and Finance

Committee Chair(s)

Tyler Brough

Committee

Tyler Brough

Committee

Benjamin Blau

Committee

Ryan Whitby

Abstract

I examine seasonal effects relating to stock index returns including the weekend effect, December effect, and the turn-of-the-month effect with daily data from the Dox Jones Industrial Average and the S&P 500. I find that the publication of a paper in 1989 by Josef Lakonishok and Seymour Smidt has substantially reduced the amount of significantly abnormal returns in the years following. In some cases, the effects have also slightly reversed.

Share

COinS