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January Effect at Czech Capital Market

Intellectual Economics

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Title January Effect at Czech Capital Market
Sausio efektas Čekijos kapitalo rinkoje
 
Creator Luhan, Jan
Novotná, Veronika
Obrová, Vladěna
 
Subject Capital market; stock exchange; prediction; January effect; weekend effect; verification
G14; C12
kapitalo rinka; vertybinių popierių birža; sausio efektas; savaitgalio efektas; patikrinimas
G14; C12
 
Description In the course of the investment process it is necessary to examine a large number of stocks (stock groups) within wide categories of financial assets. The main objective is to find stocks that are not rated correctly at the given moment, appearing thus from the buyer’s point of view as interesting to buy. To make such an analysis there is a wide scope of approaches. One of them is the efficient market theory. The main aim of this article is the application of methods of efficient market tests on the Prague stock exchange in the period of 2007-2010. In this article the authors aim at verifying the existence of the ‘January effect’ at the Czech capital market, particularly in the conditions of the Prague Stock Exchange. The primary data used herein were obtained from official lists of prices of the Prague Stock Exchange. JEL classification: G14, C12. Keywords: Capital market, stock exchange, prediction, January effect, weekend effect, verification.
Investicijų procese būtina ištirti didelį akcijų skaičių finansinių aktyvų kategorijose. Pagrindinis tikslas yra rasti akcijas, kurios pirkėjo požiūriu esamu metu nėra korektiškai įvertintos. Tam naudojami skirtingi požiūriai, tarp jų veiksmingų rinkų teorija. Šiame straipsnyje veiksmingų rinkų teorijos metodai taikomi Prahos vertybinių popierių biržoje 2007–2010 m. ir tikrinamas vad. sausio efekto pasireiškimas.
 
Publisher Mykolas Romeris University
 
Contributor —
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Date 2013-09-06
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier https://www3.mruni.eu/ojs/intellectual-economics/article/view/710
 
Source Intellectual Economics; Vol 5, No 4 (2011): Intellectual economics; 602–612
Intelektinė ekonomika; Vol 5, No 4 (2011): Intellectual economics; 602–612
1822-8038
1822-8011
 
Language eng
 
Relation https://www3.mruni.eu/ojs/intellectual-economics/article/view/710/668
 
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