An Examination of the Month-of-the-year Effect at Damascus Securities Exchange

Sulaiman MOUSELLİ; Hazem Al SAMMAN

Makale detayları

An Examination of the Month-of-the-year Effect at Damascus Securities Exchange

Yazarlar:

Sulaiman MOUSELLİ | Hazem Al SAMMAN

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2016 Vol.6 Issue 2, pp.573-577

Belge Tipi:

Makale

Yayın Tarihi:

3/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000813197

Sıklık:

İki Aylık

eISSN:

2146-4138

Özet:

 

This paper explores the existence of the month-of-the-year effect in a newly established exchange of Damascus Securities Exchange (DSE). It employs Ordinary Least Squares Estimates (OLS) and dummy variables for the whole working period of the exchange from 2010 to 2015. This paper confirms the existence of positive and significant returns during May compared to remaining months. Average returns in May are six percent higher than average returns during the rest of the year. A possible explanation for May effect is dividend month premium suggested by Hartzmark & Solomon  (2013).

Makale detayları

An Examination of the Month-of-the-year Effect at Damascus Securities Exchange

Yazarlar: Sulaiman MOUSELLİ | Hazem Al SAMMAN

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Economics and Financial Issues 2016 Vol.6 Issue 2, pp.573-577

Belge Tipi: Makale

Yayın Tarihi: 3/2016

Belge Dili: Türkçe

Document ID (Org No.): 2000813197

Sıklık: İki Aylık

eISSN: 2146-4138

Sayı

Yazarlar:

Sulaiman MOUSELLİ | Hazem Al SAMMAN

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2016 Vol.6 Issue 2, pp.573-577

Belge Tipi:

Makale

Yayın Tarihi:

3/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000813197

Sıklık:

İki Aylık

eISSN:

2146-4138