Publication detail

January Effect at Czech Capital Market

LUHAN, J. NOVOTNÁ, V. OBROVÁ, V.

Original Title

January Effect at Czech Capital Market

Type

journal article - other

Language

English

Original Abstract

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 buyers 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.

Keywords

Capital market, stock exchange, prediction, January effect, weekend effect, verification

Authors

LUHAN, J.; NOVOTNÁ, V.; OBROVÁ, V.

RIV year

2011

Released

1. 12. 2011

Publisher

Mykolas Romeris university

Location

Vilnius

ISBN

1822-8011

Periodical

Intellectual Economics

Year of study

5

Number

4

State

Republic of Lithuania

Pages from

602

Pages to

612

Pages count

10

URL

https://www3.mruni.eu/ojs/intellectual-economics/article/view/710

Full text in the Digital Library

http://hdl.handle.net/11012/85362

BibTex

@article{BUT88513,
  author="Jan {Luhan} and Veronika {Novotná} and Vladěna {Štěpánková}",
  title="January Effect at Czech Capital Market",
  journal="Intellectual Economics",
  year="2011",
  volume="5",
  number="4",
  pages="602--612",
  issn="1822-8011",
  url="https://www3.mruni.eu/ojs/intellectual-economics/article/view/710"
}