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Are Local or International influences responsible for the pre-holiday behaviour of Irish equities?

Brian M Lucey

Abstract

The preholiday behaviour of equity price and return indices on the Irish Stock Exchange do nor display consistent positive pre-holiday returns. This is contrary to the majority of studies on this area, and the result is found across a number of sectoral indices. The analysis also indicates that these curious results are driven by
local, as opposed to international, influences Keywords : Ireland, Non-Parametric, Stock Returns
JEL Code: G12, G14


Last updated 28 August 2014 by IIIS (Email).